Question

Which type of markup considers the total costs of running the company, not just the wholesale cost of the product, so that the markup amount is all profit?

Question 4 options:

opportunity-cost markup


break-even markup


cost-based markup


retail-based markup

Answer 1

The type of markup that considers the total costs of running the company, not just the wholesale cost of the product, so that the markup amount is all profit is known as **opportunity-cost markup**. This approach takes into account all costs associated with operating the business, ensuring that the markup covers total expenses and contributes to profit.