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! ]
Ask a question
Not a good answer? Get an answer now. (Free)
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.
16,960,576 questions answered
Popular Conversations
Given: 9x > -36. Choose the solution set. {x | x 4} {x | x ...
Weegy: Hi.welcome to weegy.Kindly state the choices of your question.Thanks for using weegy. [smile] User: Given: 9x ...
7/29/2014 10:24:41 AM| 5 Answers
Fill in the blank with the appropriate number. 2/5* ____ = 1
Weegy: A blank is a type of cartridge for a firearm that contains gunpowder but no bullet or shot. When fired, the ...
7/29/2014 5:56:58 PM| 4 Answers
features of a simple network and the network infrastructure for alarg ...
Weegy: The simple network consists of two or more connected computers and the basic network components include ...
7/29/2014 5:02:00 AM| 3 Answers
A line has a slope of 1/2 and a run = 50. What is the rise?
Weegy: Slope = rise/ run Rise = slope x run = 1/2x50 = 25 User: Find the next term of the given sequence. 1.31, 2.54, ...
7/29/2014 8:35:14 AM| 3 Answers
One person can do a certain job in twenty-one minutes, and another ...
Weegy: 12 min User: Which of the following equations has only one solution? x 2 = 9 x(x - 1) = 9 x 2 - 6x + 9 = ...
7/29/2014 11:13:10 AM| 3 Answers
A boat that travels 23 miles per hour in still water is traveling ...
Weegy: 75 miles User: Solve the following system of equations by the substitution method. 5x = y + 6 2x - 3y = ...
7/29/2014 1:55:03 PM| 3 Answers
Which of the following points is in the solution set of y User: Find ...
Weegy: The center of the circle is (2,6). User: Which of the following sets could be the sides of a right ...
7/29/2014 8:47:02 AM| 2 Answers
The sum of 1/6, 2/3, and 1/4 is
7/29/2014 10:01:22 AM| 2 Answers
What makes the EPA one of the weakest agencies? a. funded mandates c. ...
Weegy: a. funded mandates User: When Congress establishes a cost for crops, it is called a(n) a. price ...
7/29/2014 2:22:51 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 2388 [Total 21388]| Ratings 1| Comments 2378| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 2234 [Total 17363]| Ratings 0| Comments 2234| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 2129 [Total 14684]| Ratings 1| Comments 2119| Invitations 0|Offline
S
L
1
Points 1655 [Total 3838]| Ratings 2| Comments 1635| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1411 [Total 7588]| Ratings 2| Comments 1391| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 987 [Total 10595]| Ratings 0| Comments 987| Invitations 0|Offline
S
1
L
Points 853 [Total 4529]| Ratings 2| Comments 833| Invitations 0|Offline
S
P
C
L
P
L
1
Points 802 [Total 5856]| Ratings 4| Comments 762| Invitations 0|Offline
S
Points 165 [Total 169]| Ratings 0| Comments 155| Invitations 1|Offline
S
R
R
Points 160 [Total 348]| Ratings 1| Comments 140| Invitations 1|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.