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.
17,617,357 questions answered
Popular Conversations
antonym of prevented ...
10/1/2014 9:05:38 AM| 3 Answers
Simplify the expression. (3x - 1)(x^2 + 2x - 4) User: 3x+2(x+5) ...
Weegy: 1+tan^2(x) = sec^2(x) 1+cot^2(x) = csc^2(x) (1+tan^2(x)) / (1+cot^2(x) = sec^2(x) / csc^2(x) = ...
10/1/2014 1:46:20 AM| 3 Answers
The pressure of ocean water increases as depth increases. User: The ...
Weegy: It originates in the Gulf of Mexico and, as the Florida Current, passes through the Straits of Florida and then ...
9/30/2014 6:27:02 AM| 3 Answers
The densest ocean water is generally found a. in the surface ...
Weegy: A. in the surface zone User: In which zone is ocean temperature most affected by the weather? a. transition ...
9/30/2014 6:07:25 AM| 3 Answers
who is Harry Bailly
10/1/2014 11:54:52 AM| 2 Answers
What is an overdraft?
10/1/2014 11:23:22 AM| 2 Answers
People who have a common cultural background and a common sense of ...
Weegy: People who have a common cultural background and a common sense of identity is a people of race. User: The ...
10/1/2014 10:50:53 AM| 2 Answers
consumer rights.
Weegy: A consumer is a person or group of people that are the final users of products generated within a social system. ...
10/1/2014 10:14:56 AM| 2 Answers
Simplify the expression.(3 + i) - (2 - 2i)
Weegy: 3-3 = 0 User: What is the expression in factored form 9x2 - 12x + 4 A. (-3x - 2)2 B. (-3x + 2)(3x - 2) C. (3x ...
10/1/2014 9:57:26 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
Points 66 [Total 9548]| Ratings 0| Comments 66| Invitations 0|Online
S
1
L
L
Points 24 [Total 5818]| Ratings 0| Comments 24| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 15 [Total 12244]| Ratings 0| Comments 15| Invitations 0|Offline
S
1
L
1
Points 10 [Total 3354]| Ratings 1| Comments 0| Invitations 0|Offline
S
P
C
L
P
L
1
Points 6 [Total 6240]| Ratings 0| Comments 6| Invitations 0|Offline
S
Points 2 [Total 37]| Ratings 0| Comments 2| Invitations 0|Offline
S
Points 1 [Total 214]| Ratings 0| Comments 1| Invitations 0|Offline
S
1
L
Points 1 [Total 3077]| Ratings 0| Comments 1| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.