SOLUTION: Is selling price for a specific item a function of markup? Explain. This question is confusing can someone help me?

Question 142810: Is selling price for a specific item a function of markup? Explain.

This question is confusing can someone help me?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Is selling price for a specific item a function of markup? Explain.
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Markup means raising the price 5% or 10% or 75% etc.
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Say you are in charge of marking up.
You declare that item x will be marked up 10% ; does that change the
price of item x? You bet it does.
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So selling price is a function of markup.
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Cheers,
Stan H.
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