Author Question: When determining markup as a percentage of cost, divide the markup amount by A) price. B) cost. ... (Read 131 times)

MirandaLo

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When determining markup as a percentage of cost, divide the markup amount by
 A) price.
  B) cost.
  C) quantity.
  D) revenue.
  E) 100.

Question 2

Markup is measured either as a percentage of ____ or a percentage of ____.
 A) selling price; cost
  B) cost; profit
  C) revenue; contribution margin
  D) resources used; cost
  E) demand; competition



epscape

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Answer to Question 1

B

Answer to Question 2

A



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