________ is the average markup required on all merchandise to cover the cost of items,incidental expenses,and a profit.
A)Initial markup
B)Cost plus markup
C)Direct markup
D)Contributing margin

Question

Quizplus · Accepted Answer

Initial markup is the average markup added to the cost of goods to cover expenses and profit, different from direct or specific item markups.

________ Is the Average Markup Required on All Merchandise to Cover