Express the markup on cost formula in terms of the markup on price, and use this relation

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Express the markup on cost formula in terms of the markup on price, and use this relation to explain why a 100% markup implies a 50% markup on price.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:55 AM

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Express the markup on cost formula in terms of the markup on price, and use this relation

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The markup on cost or cost plus formula gives profit margin expressed as a percentage ...View the full answer

Managerial Economics

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