The Percent of Each Markdown in a Series of Markdowns

question 73

Multiple Choice

The percent of each markdown in a series of markdowns is based on the:

• A) original selling price
• B) marked up selling price
• C) previous selling price
• D) gross margin

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Definitions:

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable being examined in an experimental study, potentially skewing results.

Problems

Issues, obstacles, or challenges that need to be dealt with or overcome.

Study

The act of dedicating time and attention to gaining knowledge on a subject through reading, practice, or observation.

Correlations

statistical measures that describe the extent to which two or more variables fluctuate together, indicating a relationship between them but not causation.