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Assume you calculate a selling price by adding a profit element onto costs.

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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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  • Update on: Nov 15, 2026
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In this course, the acronym ‘NDA’ stands for:
A sum of money credited to a buyer by a seller in recognition of a...
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TESTED 15 Nov 2026