A 33 1/3 Percent Markup on Selling Price Equals a 50

question 7

True/False

A 33 1/3 percent markup on selling price equals a 50 percent markup on cost.

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Definitions:

Critical Thinking Skills

The ability to engage in reflective and independent thinking to logically question ideas and assumptions rather than accepting them at face value.

Positive Disposition

A tendency to maintain a hopeful and optimistic attitude, often leading to positive outcomes.

Micromanager

A manager or supervisor who excessively controls or oversees the work of their subordinates, often in a detailed and invasive manner.

Ethical Person

An individual who consistently exhibits behaviors and decisions guided by a set of moral principles, values, and standards.