Markup pricing is a pricing technique whereby a certain percentage of cost of goods sold or of price is added to the cost of goods sold in order to obtain the market price.

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Markup pricing is a commonly used pricing technique where the cost of goods sold is marked up by a certain percentage to calculate the selling price. This markup price covers the cost of goods sold and also includes the profit margin for the seller.

Markup Pricing Is a Pricing Technique Whereby a Certain Percentage