Examlex
Briefly discuss the five questions an economic system answers.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Markup Percentage
The fraction applied on top of the buying price of products to include expenses for overhead and yield a profit.
Markup Percentage
The percentage by which the cost of a product is increased to determine its selling price.
Variable Cost
Costs that vary directly with the level of production or sales volume, such as materials and labor.
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