when you have a tour and you do calculations for costing, what is the difference in calculating

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when you have a tour and you do calculations for costing, what is the difference in calculating mark-up versus margin in the context of tour costing. explain the difference in how both are calculated and provide a related tour example.

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Jan 29, 2024 04:10 AM

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when you have a tour and you do calculations for costing, what is the difference in calculating

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In the context of tour costing calculating markup and margin are two different approaches used to determine the profitability of a tour package The ke... View the full answer

Fundamentals of Financial Management

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