When markups are based on the selling price, the selling price is

The selling price is higher than the markup because the markup startes with m and higher starts with H so that implies that the higher is higher because h is the first letter than the alphabet tham m hope this helps mister :P

When markups are based on the selling price, the selling price is expressed as a percent of that cost

i think this is true i hope this

answermarginal cost;