Exam L4M5 Topic 4 Question 83 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 83
Topic #: 4
Which of the following is a description of mark-up?

Suggested Answer: B Vote an answer

Mark-up is defined as profit expressed as a percentage of the cost. It calculates the profit margin based on the cost price rather than the selling price, which allows companies to determine how much they are earning over their production or purchase costs. This aligns with standard accounting and CIPS definitions of mark-up in procurement contexts.

by Victoria at May 19, 2025, 05:27 AM

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