What is markup? and what is standard mark up cost? when break even pricing is setting?
Markup means that extra amount of money charged by the financer of any commodity from the borrower.
For example Mr A wants to buy a computer and price of that computer is Rs 50000. He goes to the bank and put a request that he want that particular model of laptop. Bank gave him that computer but tell him that extra ten thousand will be charged for that computer. This extra amount of money is knows as markup.
Break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain.
For example Mr A wants to buy a computer and price of that computer is Rs 50000. He goes to the bank and put a request that he want that particular model of laptop. Bank gave him that computer but tell him that extra ten thousand will be charged for that computer. This extra amount of money is knows as markup.
Break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain.
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