Markup Refers to a Percentage of the

question 195

Multiple Choice

Markup refers to a percentage of the

• A)"mark-on."
• B)selling price-unless otherwise stated.
• C)fixed cost.
• D)delivered cost-unless otherwise stated.
• E)cost of sales.

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Definitions:

Indirectly

In a manner that is not straightforward or direct; happening through secondary or alternative means or effects.

Duties

Responsibilities or obligations that an individual, company, or government has under the law or contract.

Agency Agreement

A contract where one party (the agent) agrees to act on behalf of another (the principal) in business transactions.

Operation Of Law

An operation of law is a legal change that occurs automatically due to existing legal rules, rather than actions taken by the parties themselves.