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James Is Trying to Determine the Best Price for His

Question 67

Multiple Choice
James is trying to determine the best price for his new fishing poles and thus uses the sales price as a basis of calculating the markup percentage. He is using a ________ approach.
A) markup on cost
B) value price
C) average-cost pricing
D) markup on sales price
E) cost-plus

James is trying to determine the best price for his new fishing poles and thus uses the sales price as a basis of calculating the markup percentage. He is using a ________ approach.


A) markup on cost
B) value price
C) average-cost pricing
D) markup on sales price
E) cost-plus

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