A profit calculated by adding a percentage to the costs of production is called: A. Mark-up B. Breakeven. C. Margin. D. Mark-down
Question
Solution 1
The correct answer is A. Mark-up. This term refers to the amount added to the cost price of goods to cover overheads and profit. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solv
solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study prob
Similar Questions
When you minus direct production costs from selling price, you get your profit margin. Group of answer choicesTrueFalse
f the breakeven point is 20,000 and the contribution margin is $1.30, how much are fixed costs?Multiple choice question.20,000$15,384$26,000
Profit margin is calculated by dividing:Question 2Answera.profit by equityb.sales by cost of sales.c.profit by total assetsd.profit by net sales.
Profit margin is calculated by dividing:Question 2Answera.sales by cost of sales.b.profit by total assetsc.profit by equityd.profit by net sales
At what price should the Karan mark a sewing machine that costs him Rs. 1200. So that even after offering a 20% discount, he makes 25% profit?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.