A profit calculated by adding a percentage to the costs of production is called: A. Mark-up B. Breakeven. C. Margin. D. Mark-down
Question
A profit calculated by adding a percentage to the costs of production is called: A. Mark-up B. Breakeven. C. Margin. D. Mark-down
Solution
The correct answer is A. Mark-up. This term refers to the amount added to the cost price of goods to cover overheads and profit.
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