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

Algebra ->  Algebra  -> Functions -> SOLUTION: Is selling price for a specific item a function of markup? Explain. This question is confusing can someone help me?      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

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(57203) About Me  (Show Source):
You can put this solution on YOUR website!
Is selling price for a specific item a function of markup? Explain.
-------------
Markup means raising the price 5% or 10% or 75% etc.
------------------
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.
----------------------
So selling price is a function of markup.
===================
Cheers,
Stan H.