IN MATH: 1. n. in merchandizing, the amount above basic cost for which an item is sold. Nancy uses a rate of 50% to determine the markup on items she sells.
IN ENGLISH: 1. as defined above.
APPLICATION: (see list 120)
| Complete: | |||
|---|---|---|---|
| Cost | Markup Rate | Markup | Selling Price |
| 1. $12 | ? | ? | $6 |
| 2. $30 | 20% | ? | ? |
| 3. ? | ? | $8 | $48 |
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