Examlex
Identify and state the historical significance of the following:
-Common Sense
Mark-up
A rephrased definition: The amount by which the selling price of an item exceeds its cost price, expressed as a percentage of the cost.
Markdown
A reduction from the original or retail price of a good or service to increase its attractiveness to buyers.
Operating Expenses
Expenses related to the routine functioning of a company, not including the expenses of products sold.
Operating Profit
Profit earned from a firm's core business operations, excluding deductions of interest and tax.
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