Examlex
What is the rationale behind customer-touching applications? Explain four such applications.
Markup on Selling Price
The amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the selling price.
Selling Price
The amount at which something is sold, determining how much a buyer pays and a seller receives.
Markup on Cost
A pricing method where a preset percentage is added to the cost of a product to determine its selling price, often to cover overhead and profit margins.
The Cloud
Networked computer servers where data, software, and services can be stored and accessed remotely over the internet.
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