Today, we’ll be starting a weekly series highlighting a licensing exam study question from the Solomon Online Exam Simulator question database.
Let’s get started!
Question (Relevant to Series 24, Series 55, Series 62, Series 7)
To calculate a markdown as a percentage, which of the following are used?
Answers
A: The lowest bid
B: The highest bid
C: The highest offer
D: The lowest offer
Be sure to submit your answers in the comments section and check back tomorrow for the correct answer and rationale!
Happy studying!