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    Practical Business Math Procedures Study Set 2
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    Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis
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    When Markup Is Based on Cost
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When Markup Is Based on Cost

Question 45

Question 45

Multiple Choice

When markup is based on cost:


A) Cost is the portion
B) Markup is the rate
C) Cost is equal to selling price
D) Cost is 100%
E) None of these

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