CIPS Contract Administration L3M3 Question # 21 Topic 3 Discussion

CIPS Contract Administration L3M3 Question # 21 Topic 3 Discussion

L3M3 Exam Topic 3 Question 21 Discussion:
Question #: 21
Topic #: 3

Assume you calculate a selling price by adding a profit element onto costs. Assume the profit ele-ment is equivalent to 100% of costs.

Is mark-up or margin being described here?


A.

Margin


B.

Don't know.


C.

(Well take a guess then...)


D.

Mark-up


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