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Today, 01:25

Markup represents an amount needed to cover operating expenses.

a. True

b. False

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Answers (1)
  1. Today, 03:36
    0
    Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.
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