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2 years ago

Are these two claims equivalent, in conflict, or not comparable because they're talking about different things?

1 answer:

8 0

These two claims about markup and margin are <u>equivalent</u> because they discuss differently the same issue.

<h3>What are markup and margin?</h3>

A markup is a profit percent added to the cost price to determine the selling price. Thus, markup relates the percentage of profit to the cost price.

The profit margin relates the percentage of profit to the selling price.

<h3>Data and Calculations:</h3>

Selling price = 100%

Profit margin = 25%

Cost price = 75% (100% - 25%)

Markup = 33% (25%/75% x 100)

Thus, these two claims about markup and margin are <u>equivalent</u>.

Learn more about margin and markup at brainly.com/question/13248184

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