A markdown refers to
A) the difference between the final selling price and the retailer's cost.
B) the amount the manufacturer adds to achieve the desired suggested retail price.
C) discounting a product when it does not sell at the original price and an adjustment is necessary.
D) the lowest price to which a retailer can reduce a sales ticket and still make a profit.
E) the net margin.

Question

Quizplus · Accepted Answer

A markdown is a reduction from the original selling price of a product, typically used when the product does not sell at the original price and an adjustment is necessary to encourage sales.

A Markdown Refers to