Mark up can be calculated by the formula; a. Markup = Cost + Expenses b. Markup = Cost + Profit c. Markup = Selling price + Cost d. Markup = Expenses + Profit
Mark up can be calculated by the formula; a. Markup = Cost + Expenses b. Markup = Cost + Profit c. Markup = Selling price + Cost d. Markup = Expenses + Profit
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 3DQ: How do you calculate the markup on cost of goods sold? Is the markup pure profit? Explain.
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Question
Mark up can be calculated by the formula;
a.
Markup = Cost + Expenses
b.
Markup = Cost + Profit
c.
Markup = Selling price + Cost
d.
Markup = Expenses + Profit
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