And frozen peas are good for cooking, having had the slide of sugar into starches halted by freezing within an hour or two of harvesting. The truth is that home-grown peas are perfect eaten within seconds of picking, minutes at most, often within a few feet of the plant, as sweet, raw treats.
D. the difference between the retail cost and initial selling price. E . the reduction in retail price, usually expressed as a percentage equal to the amount reduced, divided by the original price, and multiplied by 100. 154.The amount added to the cost the retailer paid for a product to reach the final selling price is referred to as _____.
Markup is a ratio of profit to cost expressed as a percentage. Profit is a difference between the revenue and the cost. For example, when you buy something for $80 and sell it for $100, your profit is $20. The ratio of profit ($20) to cost ($80) is 25%. Now that you know what markup is, keep in mind that it is easy to confuse markup with profit margin.