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The markup Blank______.Multiple choice question.is the difference between the fixed costs and variable costs incurred by a firmis the ratio of the net sales and the gross margin of a productis the ratio of the current assets and the current liabilities of a firmis the difference between the retail price and the cost of a product

Question

The markup Blank______.Multiple choice question.is the difference between the fixed costs and variable costs incurred by a firmis the ratio of the net sales and the gross margin of a productis the ratio of the current assets and the current liabilities of a firmis the difference between the retail price and the cost of a product

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Solution

The markup is the difference between the retail price and the cost of a product.

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