Question: Assuming that a product's price is greater than its variable cost, which of the following statements is correct? Question 1 options: Whether the margin(%) or

Assuming that a product's price is greater than its variable cost, which of the following statements is correct?

Question 1 options:

Whether the margin(%) or the markup(%) is greater cannot be determined.

The markup(%) of the product is the same as the margin(%) of the product.

The markup(%) of the product is smaller than the margin(%) of the product.

The margin(%) of the product is smaller than the markup(%) of the product.

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