The Typical Markup (Percent) Is The

question 59

Multiple Choice

The typical markup (percent) is the:

• A) cost of an item divided by its selling price-times 100.
• B) selling price minus the cost of the item, divided by the cost of the item-times 100.
• C) selling price of an item, divided by its cost-times 100.
• D) selling price minus the cost of the item, divided by the selling price-times 100.
• E) selling price minus the cost of the item, divided by the average fixed cost-times 100.

---

Definitions:

Appliance Warehouse

An appliance warehouse is a large storage facility dedicated to housing household appliances like refrigerators, stoves, and washers for sale.

Payments

The act of transferring money to fulfill an obligation, such as in purchasing goods or services or repaying a loan.

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.