You have new items in your feed. Click to view.
Question and answer
what are the pros and cons of markups and markdowns?
Markup is the difference between what a product costs you, the retailer, and what you sell it for to a customer. It is also known as gross margin, or gross profit in a financial statement. Markdowns are reductions from the original selling price. [ The pros of mark downs are that the consumer will think she is getting a better deal and will be more likely to buy the product. The con is that
you won' make as much money. The con of markups is that fewer people will buy the product the more expensive it becomes. Thanks! ]
Get an answer
Original conversation
User: what are the pros and cons of markups and markdowns?

Weegy: Markup is the difference between what a product costs you, the retailer, and what you sell it for to a customer. It is also known as gross margin, or gross profit in a financial statement. Markdowns are reductions from the original selling price. [ The pros of mark downs are that the consumer will think she is getting a better deal and will be more likely to buy the product. The con is that you won' make as much money. The con of markups is that fewer people will buy the product the more expensive it becomes. Thanks! ]
LawGradLady|Points 72|

User: what are the pros of markups

Weegy: Markup is the difference between what a product costs you, the retailer, and what you sell it for to a customer. It is also known as gross margin, or gross profit in a financial statement. Markdowns are reductions from the original selling price. [ [ The pros of mark downs are that the consumer will think she is getting a better deal and will be more likely to buy the product. The con is that you won' make as much money. The con of markups is that fewer people will buy the product the more expensive it becomes. Thanks! ] ]
Expert answered|maine8|Points 42|

Question
Asked 9/3/2011 8:19:31 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,767,419 questions answered
Popular Conversations
Evaluate |5 - 15|
Weegy: 5|7 - 9| - 2; 5(2) - 2; 10 - 2 = 8 User: Evaluate |a + b - c|, given a = 5, b = -3, and c = -2
1/16/2017 5:07:37 PM| 2 Answers
Evaluate |3 - 5 + 7|
Weegy: 5 - 3x when x = -7 5 - 3(-7); = 5 - (-21); = 5 + 21; = 26 User: Evaluate 5|7 - 9| - 2 User: Evaluate |6| ...
1/16/2017 5:09:01 PM| 2 Answers
Weegy Stuff
S
Points 282 [Total 282] Ratings 0 Comments 282 Invitations 0 Offline
S
P
Points 154 [Total 585] Ratings 2 Comments 134 Invitations 0 Offline
S
Points 152 [Total 164] Ratings 0 Comments 152 Invitations 0 Offline
S
Points 85 [Total 87] Ratings 5 Comments 35 Invitations 0 Offline
S
L
P
P
P
Points 58 [Total 4017] Ratings 0 Comments 58 Invitations 0 Offline
S
P
P
Points 53 [Total 948] Ratings 1 Comments 43 Invitations 0 Offline
S
Points 40 [Total 40] Ratings 4 Comments 0 Invitations 0 Offline
S
Points 24 [Total 96] Ratings 0 Comments 24 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.