When markup is based on a. cost is equal to selling price b. cost is the portion c. cost is 100 percent d. markup is the rate

Answer

When markup is based on cost, markup is the rate percentage

Step-by-step explanation:

During the selling of merchandise or services to customers, the business person has to charge a price higher than the cost of goods or labor so as to get profit. The markup of cost is therefore the percentage of an item’s wholesale cost that the retailer adds in its retail price to make profits.

step-by-step explanation:

from the graph attached below:

domain of graph is the value of x for which the given function profit function p(x) is defined.

(a) the domain represents the number of years for which the outlet will earn a profit.

range of profit function defines the lowest to highest value of profit earned.

(b) the range of this function is (0 , 160 ). for this function, the range represents the outlet's profit earned.

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