What Is "Markup

question 211

Multiple Choice

What is "markup"?

• A) Markup is the point at which the firm covers the fixed and variable costs.
• B) Markup is the amount of money left over after all expenses have been deducted from revenues.
• C) Markup is an amount equal to demand divided by product cost.
• D) Markup is an amount added to the cost of the item to arrive at the selling price.
• E) Markup is the point where demand equals supply.

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