bus math QRB 501 wk2 qu-2

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Business Math, Ch. 9

Use your words to describe types of markup

The concepts that many students find challenging in this chapter are the concepts of markups based on price and markups based on cost.  What is the difference? Please explain with words rather than giving numerical examples.  The distinction between the two will be extremely important as you are doing the problems in the math lab. 

 

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