Question: Identify a true statement about cost - based pricing. a . The markup percentage used in cost - based pricing includes only the desired profit.

Identify a true statement about cost-based pricing.
a. The markup percentage used in cost-based pricing includes only the desired profit.
b. Cost-based pricing requires an approximate estimate of the cost for pricing a product.
c. An appropriate markup percentage is always required in cost-based pricing.
d. Cost-based pricing is used only by manufacturing and trading companies.

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