Antique Reproductions pays a manufacturer $800 for a hand-forged iron fireplace screen, and it sells the fireplace screen to a customer for $1,600. What is the markup on the screen?

a. $160
b. $240
c. $400
d. $800

Ans: d. $800

Business

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Gain sharing ties rewards to an employee's knowledge and abilities rather than to his or her type of work

Indicate whether the statement is true or false.

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