Another term for gross margin is:
A)maintained markup.
B)markdown.
C)off-price.
D)original markup.

Name: Another term for gross margin is: A)maintained markup. B)markdown. C)off-price. D)original markup.
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Question

Quizplus · Accepted Answer

Gross margin refers to the difference between the selling price of a product and its cost of goods sold. Maintained markup is another term for gross margin and refers to the percentage of profit earned on each sale after subtracting the cost of goods sold.

Another Term for Gross Margin Is