Examlex
Which of the following statements is true?
Mark-up
An extra charge applied to the base cost of products to accommodate for overheads and earnings, culminating in the final asking price.
Selling Price
The amount of money for which an item or service is sold to the buyer.
Operating Expenses
Operating expenses are the costs associated with running a business's core operations on a daily basis, including rent, utilities, and payroll.
Mark-up
A supplementary percentage of the cost price of products designed to account for overhead costs and profit margins.
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