Often times,apparel retailers will use a 50% markup,which may be referred to as _____.It sets the retail price by simply doubling the cost.
A)activity costing
B)keystoning
C)budget costing
D)cost plus costing
E)regular costing

Question

Quizplus · Accepted Answer

Key-stoning is a 50% initial mark-up,just doubling the cost of the merchandise to get the first retail price.This is often an easy and quick way to price product,but disregards the many other important factors that need to be considered when pricing product.

Often Times,apparel Retailers Will Use a 50% Markup,which May Be