Question

2. Which of the following is true about mark-up?
a. Mark-up is the same as profit.
b. To get the mark-up, add the cost price and mark-up rate.
c. To get the mark-up, subtract the cost from the selling price.
d. To get the mark-up, subtract the operating cost from the selling price.
cunmersale the price dropped​

Answer 1

Explanation:

Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.