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A Markup Rate of 35% Based on Sales Price Converts

question 47

True/False

A markup rate of 35% based on sales price converts to a 45% markup rate based on cost.


Definitions:

Data Dictionary

A centralized repository of information about data such as meaning, relationships to other data, origin, usage, and format.

Unique

Being the only one of its kind; unlike anything else, particularly in the context of identifiers or values in computing.

Key Field

A field in a database table that is used to uniquely identify records, ensuring data integrity.

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