Markdown is the reduction in the original retail selling price of merchandise, which has been previously determined by adding a markup percentage to the cost. This term applies specifically when the price drops below the initial selling price.
A comprehensive guide to markup in investing and retailing, explaining the difference between the market price and the selling price. Learn the nuances, types, and implications of markup in financial and retail sectors.
Explore the ins and outs of Variable Cost-Plus Pricing, a strategic pricing method that involves adding a markup to total variable costs to determine the selling price. Understand its advantages, disadvantages, and practical applications.
