The sales price of a product is given as the product's cost to the seller plus which of the following quantities?
A) Breakeven price
B) Revenues
C) Variable price
D) Fixed point
E) Markup

Question

Quizplus · Accepted Answer

The markup is the additional amount added by the seller on the cost of the product to determine the final sales price. Option A (Breakeven price) is the price at which the seller neither makes a profit nor incurs a loss. Option B (Revenues) refers to the total income generated from the sales of the product. Option C (Variable price) could refer to a pricing strategy where the price of the product varies based on different factors. Option D (Fixed point) is not applicable in determining the sales price of a product.

The Sales Price of a Product Is Given as the Product's