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Which of the following is true regarding the markup in cost - plus pricing? It is set to recover costs not included in the cost

Which of the following is true regarding the markup in cost

-

plus pricing?

It is set to recover costs not included in the cost base and earn a profit margin.

It is a percentage of the revenue.

It is a fixed number that does not change with the cost base used.

It is the same as the gross margin.

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