Asked by
uNoxolo Mnguni
on Oct 14, 2024
Verified
Markup percentage equals total costs divided by desired profit.
Markup Percentage
The percentage difference between the cost of a good or service and its selling price, indicating the gross profit margin.
- Grasp the concept and calculation of markup percentage and its relevance in pricing strategies.
Verified Answer
KN
Learning Objectives
- Grasp the concept and calculation of markup percentage and its relevance in pricing strategies.