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Margin on price as a percentage is the expression of how much you mark your product up by to arrive at your retail price. True False
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Margin on price as a percentage is the expression of how much you mark your product up by to arrive at your retail price. True False

User Shrishinde
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1 Answer

5 votes

Answer:

False

Step-by-step explanation:

The margin on price refers to a percentage by taking a difference between the gross profit and the selling price

Here gross profit comes by

= Selling price - cost price

Now in the cost price we added some markup percentage i.e most probably equivalent to the retail price

Hence, the given statement is false

User Christal
by
4.6k points
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