s3e4r5

.pdf

School

Seneca College *

*We aren’t endorsed by this school

Course

440

Subject

Accounting

Date

Nov 24, 2024

Type

pdf

Pages

2

Uploaded by BrigadierWillpower1924

Report
10/30/23, 8:26 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638433&cmid=1260506&page=2 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 3 Correct Mark 1.00 out of 1.00 What is a markup? Select one: a. It is often expressed as a percentage of sales. b. It is the difference between a product’s or service’s selling price and its cost. c. It is used in target costing. d. It is the difference between a product’s or service’s full cost and variable cost. Your answer is correct. Explanation: A markup is the difference between a product’s selling price and its cost. The correct answer is: It is the difference between a product’s or service’s selling price and its cost.
10/30/23, 8:26 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638433&cmid=1260506&page=2 2/2
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help