Question: When comparing margin and markup, what is the primary distinction? A. Markup is a monetary amount, while margin is a percentage. B. Margin is the
When comparing margin and markup, what is the primary distinction?
A. Markup is a monetary amount, while margin is a percentage.
B. Margin is the gap between the price at which something is sold and the cost, while markup is the percentage that is added to the cost.
C. The margin determines product prices, whereas the markup determines revenue.
D. Margin is determined before costs, while markup is determined afterward.
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