Markup represents the amount of the selling price needed to cover operating expenses an? overhead.

Name: Markup represents the amount of the selling price needed to cover operating expenses an? overhead.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Markup is the amount added to the cost of a product or service to comprise the selling price. It also includes operating expenses and overhead, which are the costs of doing business that cannot be directly traced to a particular product or service. Therefore, the statement is true.

Markup Represents the Amount of the Selling Price Needed to Cover