​The Markup Percent Is Based on Selling Price

question 1

Short Answer

​The markup percent is based on selling price. Compute the missing terms.
​

---

Definitions:

Total Assets

Total assets represent the sum of all assets owned by an individual or organization, including both current and non-current assets.

Cash

Physical form of currency, such as coins and banknotes, used to conduct transactions.

Rental Fees

Charges paid for the use of property or equipment, typically on a periodic basis like monthly or annually, under a leasing or rental agreement.

Revenue Account

An account that tracks the income a company generates from its normal business operations.