To Calculate the Cost When the Selling Price and Percent $$\operatorname { cost } = \frac { 100 \% + \text { percent of markup on cost } } { \text { selling price } }$$

question 132

True/False

To calculate the cost when the selling price and percent of the markup are known, you would use the following forumla:
​ $$\operatorname { cost } = \frac { 100 \% + \text { percent of markup on cost } } { \text { selling price } }$$

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Specialized departments or personnel that provide support, advice, and expertise to line units within an organization, rather than being directly involved in day-to-day operations.

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The organizational structure that involves dividing a company based on different types of jobs or tasks, leading to departments that are on the same level.