When Determining Markup as a Percentage of Cost, Divide the Markup

question 149

Multiple Choice

When determining markup as a percentage of cost, divide the markup amount by

• A) price.
• B) cost.
• C) quantity.
• D) revenue.
• E) 100.

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Definitions:

Transfer of Possessions

The act of moving ownership or control of property or assets from one party to another.

Debtor

An individual or entity that owes a debt or is obligated to make payments to another party, known as the creditor.

Creditor

An individual, organization, or entity that is owed money or other forms of compensation by a debtor.

Res Ipsa Loquitur

“The thing speaks for itself.”