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Match the following terms with their definitions.1. Percent markup on costOriginal selling price ...

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Match the following terms with their definitions.1. Percent markup on costOriginal selling price ...

Match the following terms with their definitions.

1. Percent markup on cost	Original selling price minus current price
2. Overhead	Selling price minus cost
3. Contribution margin	Price paid to supplier
4. Breakeven point	Net sales – cost of goods sold
5. Perishables	Price reductions
6. Dollar markup	Regular expenses of doing business
7. Dollar markdown	Dollar profit
8. Percent markup on selling price	No profit, no loss
9. Cost	Cost is base
10. Net income	Selling price is base
11. Markdowns	Goods or services with a limited life
12. Gross profit	Difference between selling price and variable cost

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 24 times

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onetouch Author

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Thanks

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Thank you, thank you, thank you!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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