Sign In
Ask Question
Arts
Manuel Strong
18 May, 06:44
Explain standard ratio markup pricing
+4
Answers (
1
)
Miles Wallace
18 May, 07:15
0
Markup is the ratio between the cost of a good or service and its selling price. It is expressed as a percentage over the cost. A markup is added onto the total cost incurred by the producer of a good or service in order to cover the costs of doing business and create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product. Markup can be expressed as a fixed amount or as a percentage of the total cost or selling price. Retail markup is commonly calculated as the difference between wholesale price and retail price, as a percentage of wholesale. Other methods are also used.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“Explain standard ratio markup pricing ...”
in 📙 Arts if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the best way for a restaurant to protect itself against lawsuits? Having strict food safety guidelines Having a good insurance policy Posting signs warning patrons of dangers such as wet floors Training their employees to look out for
Answers (1)
What is the form of the first movement of a classical symphony?
Answers (1)
Wrote his first opera in 1704
Answers (2)
jordan feels guilty about hurting his younger brother freud would a have attributed these feelings to jordan's
Answers (1)
How is boucher's style in the painting above different from that seen in works from other rococo artists?
Answers (1)
New Questions in Arts
In what way was Franz Schubert ahead of his time? A. He wrote melodies based on the whole-tone scale. B. He defied the tonal conventions of the sonata form by combining unrelated keys. C. He pioneered the technique of atonal music. D.
Answers (1)
What does lenny face mean?
Answers (1)
Which of the following displays burial art on the exterior A. the san vitale basilica in Ravenna B. christian basilicas C. The Hagia Sophia D. Early Christian sarcophagi
Answers (1)
Which technique for realistic acting is referred to as the way in which a performer can transform her thoughts and imagine herself in virtually any situation?
Answers (1)
Why do the witches show macbeth the eight kings?
Answers (1)
Home
»
Arts
» Explain standard ratio markup pricing
Sign In
Sign Up
Forgot Password?