​The Markup Percent Is Based on Selling Price

question 7

Short Answer

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

---

Definitions:

Executive Orders

Orders given by the U.S. President to oversee the functioning of the federal government.

Law-Making Powers

The authority granted to legislative bodies to enact, amend, or repeal laws.

Common Law

A body of unwritten laws based on legal precedents established by the courts, contrasting with statutory law.

Bankruptcy

The state of a person who is unable to pay his or her debts without respect to time; one whose liabilities exceed his or her assets.