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