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BUSINESS MATH > buying & selling > Flashcards

buying & selling Flashcards

1
Q

what is added to OSP to arrive at a NSP

A

ADDITIONAL MARK-UP

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2
Q

what is added to get the OSP

A

INITIAL MARK-UP

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3
Q

decrease in the NSP that does not decrease it below the OSP

A

MARK-UP CANCELLATION

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4
Q

reduction in the OSP

A

MARK-DOWN

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5
Q

margin divided by the cost of good sold

A

MARGIN PERCENTAGE

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6
Q

sales minus the cost of good sold

A

GROSS MARGIN

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7
Q

convert MUcost to MUsp

A

MUcost / 100 + SP

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8
Q

MUsp to MUcost

A

MUcost / 100 - MUcost

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BUSINESS MATH (3 decks)

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