Examlex
The following statement is specific and concrete:
Markup Percent
A percent that is used to compute the amount of dollar markup by multiplication. It could be a percent that multiplies the cost to find the dollar markup; or, it could be a percent that multiplies the selling price to find that dollar markup.
Selling Price
The price at which a product or service is offered to the buyer.
Markup Percent
The fraction of the cost price of items increased to cover operational expenses and secure profit.
Cost
The amount of money required to purchase goods or services or the expenditure incurred in the production of goods.
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