A Markup of 20% on Cost Is Equivalent to What

question 52

Multiple Choice

A markup of 20% on cost is equivalent to what markup on selling price?

• A) 17%
• B) 20%
• C) 80%
• D) 83%

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Definitions:

Federal Law

Legislation passed by the national government of a country, which applies to all its regions and citizens.

Long-Term Care Facility

A facility that provides a variety of services, including medical and personal care, to people who are unable to live independently.

Occurrence Reports

Documentation used in healthcare settings to report incidents, errors, or unusual events for quality improvement.

Quality Improvement

A systematic approach to the continuous study and improvement of the processes of providing health care services to meet the needs of patients and others.