The difference between the retailer's cost and the selling price is the:
a. gross margin.
b. markup percentage.
c. profit.
d. keystone.
e. breakeven profit.
ANSWER: a
The difference between the retailer's cost and the selling price is the:
a. gross margin.
b. markup percentage.
c. profit.
d. keystone.
e. breakeven profit.
ANSWER: a