The text says "markups":
A) should always be stated as a percentage of cost.
B) are a percentage of selling price--unless otherwise stated.
C) are never stated as a percentage of cost.
D) should never be stated in dollar amounts.
Answer: E)
A) should always be stated as a percentage of cost.
B) are a percentage of selling price--unless otherwise stated.
C) are never stated as a percentage of cost.
D) should never be stated in dollar amounts.
Answer: E)