The markup percentage is most likely to be the lowest while using ________ as the cost base.
A) variable manufacturing cost
B) variable cost of the product
C) manufacturing cost
D) full cost of the product

Question

Quizplus · Accepted Answer

The full cost of the product includes all costs (fixed and variable), leading to a higher cost base, which results in a lower markup percentage compared to using only variable or manufacturing costs.

The Markup Percentage Is Most Likely to Be the Lowest