And frozen peas are good for cooking, having had the slide of sugar into starches halted by freezing within an hour or two of harvesting. The truth is that home-grown peas are perfect eaten within seconds of picking, minutes at most, often within a few feet of the plant, as sweet, raw treats.
D. the difference between the retail cost and initial selling price. E . the reduction in retail price, usually expressed as a percentage equal to the amount reduced, divided by the original price, and multiplied by 100. 154.The amount added to the cost the retailer paid for a product to reach the final selling price is referred to as _____.
What is the difference between gross margin and markup? Gross margin or gross profit is defined as sales minus cost of goods sold. If a retailer sells a product for $10 which had a cost of $8, the gross profit or gross margin is $2. The gross profit ratio or the gross margin ratio expresses the gross profit or gross margin amount as a percentage of sales. In our example the gross margin ratio is 20% ($2 divided by $10). Markup is used several ways. Some retailers use markup to mean the difference between a product's cost and its selling price. In our example, the product had a cost of $8 and it had a markup of $2 resulting in a selling price of $10.