Which of the following gives the correct formula for calculating markup percentage?
A) Sales price/markup
B) Sales price/fixed costs
C) Fixed costs/variable costs
D) Markup/sales price
E) Sales price/variable costs
Answer: D
Explanation: D) For example, a reasonable sales price of $15 with a markup of $7 yields a markup percentage of 46.7 percent: $7/$15 = 46.7 percent.
Business
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