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In Business / College | 2025-07-06

An item that has been marked up sells for a profit. If an item sells that has been marked down, can it still produce a profit? Explain.

Asked by tato1234

Answer (2)

An item can still be profitable even if it is marked down, as long as its sale price is greater than its cost price. Profit is determined by the difference between what the item sells for and what it cost to acquire. Therefore, a marked down item can yield a profit if the sale price exceeds the cost price. ;

Answered by GinnyAnswer | 2025-07-06

A marked down item can still produce a profit if its sale price is greater than its cost price. Profit is calculated by subtracting the cost price from the sale price. For example, if an item costs $8 and is sold for $10, even after a markdown, a profit of $2 is made.
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Answered by Anonymous | 2025-08-24

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