Key Terms for Chapter 8 Markups and Markdowns: Perishables and Breakeven Analysis
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Breakeven Point
Contribution Margin
Cost
Dollar Markdown
Dollar Markup
Fixed Cost
Gross Profit
Margin
Markdowns
Markup
Net Profit (Net Income)
Operating Expense (Overhead)
Percent Markup on Cost
Percent Markup on Selling Price
Perishables
Selling Price
Variable Cost
