Examlex
____ is an object-oriented feature that provides the ability to make important object features available while hiding nonessential details.
Markup Percentage
The percentage added to the cost price of goods to cover overhead and profit.
Total Cost
The sum of all costs associated with producing or acquiring goods and services, including direct and indirect expenses.
Cost-Plus Approach
A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.
Markup
An additional amount included with the buying price of items to ensure coverage of operational expenses and earn a profit.
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