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If the selling price and percent markup on selling price is given the actual cost can be calculated. a. True b. False
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If the selling price and percent markup on selling price is given the actual cost can be calculated.

a. True
b. False

User CruftyCraft
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1 Answer

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Markup is defined as the amount added to the cost of goods to fix a selling price. So, if the selling price and markup percentage on the selling price is given, the actual cost can be calculated. To answer the question above: true.
User SaintTail
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