Can you answer this FAR question? If not, sit for FAR now!

Markup

Markup

The amount added to the cost of the product to arrive at a selling price.

Mary pays $3.00 for premium apples. She wants to make a $5 profit. Mary prices her apples at $8.00 a box (3+5). The markup is $5 ($8-product cost of $3).

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.