The Difference Between the Final Selling Price and the Retailer's

question 37

Multiple Choice

The difference between the final selling price and the retailer's cost is referred to as _________.

• A)original markup
• B)maintained markup
• C)markdown
• D)off-price
• E)discount price

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Definitions:

Émile Zola

A French novelist, playwright, and journalist, known for his involvement in the Dreyfus Affair and his contributions to the literary school of naturalism.

Pasteurization

A process of heating food and liquid to a specific temperature to kill harmful bacteria and pathogens, named after the French scientist Louis Pasteur.

Louis Pasteur

A French biologist, microbiologist, and chemist renowned for his discoveries of the principles of vaccination, microbial fermentation, and pasteurization.

Rags to Riches

A phrase describing a person's rise from a state of extreme poverty to one of great wealth or success.