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24 April, 02:58

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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Answers (1)
  1. 24 April, 05:52
    0
    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.
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