Which of the Following Formulas Represents the Calculation for Markup

question 163

Multiple Choice

Which of the following formulas represents the calculation for markup percentage?

• A)(Sales price - Cost) ÷ Cost
• B)(Sales price - Cost) ÷ Sales price
• C)Sales price ÷ Cost
• D)Sales price ÷ Contribution margin

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Definitions:

Sample Size

The number of individuals or observations included in a study or survey, which can affect the reliability and validity of the research findings.

Funding

Financial support provided for a particular purpose, such as research, projects, or businesses.

Random Selection

A method of choosing individuals or items from a population in a way that each has an equal chance of being selected.

Representative

A representative is someone chosen or elected to speak, act, or make decisions on behalf of a group or constituency.