Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match the following words to the definition in the picture Reduce price Wholesale price Net profit Markup Mark down Markup on cost Cost Selling price

Match the following words to the definition in the picture
Reduce price
Wholesale price
Net profit
Markup
Mark down
Markup on cost
Cost
Selling price
image text in transcribed
2 Definitions: The price paid to the manufacturer or supplier after trade and cash discounts have a. been taken. b. The cost including shipping and insurance charges. A method of computing markup as a percent of cost used by most manufacturers, c. many wholesalers, and some retailers. d. Same as retail price. e. The price at which merchandise is offered for sale to the public. f. The difference between cost and selling price. g. Margin. h. Net earnings. i. Difference between original selling price and reduced selling price. j. Sale price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Maintenance Audits Handbook A Performance Measurement Framework

Authors: Diego Galar Pascual, Uday Kumar

1st Edition

1466583916, 978-1466583917

More Books

Students also viewed these Accounting questions