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LSDefine

Simple English definitions for legal terms

markon

Read a random definition: public charge

A quick definition of markon:

Markon: Markon is a percentage added to the cost of a product to determine its selling price. If the cost of a product is $10 and the markon is 20%, then the selling price would be $12. Further changes in price are called markups or markdowns.

A more thorough explanation:

Definition: Markon is a term used to describe the percentage added to a product's cost to determine its list price. Any further increase in price is called a markup, while a decrease is called a markdown.

  • If a product costs $50 to produce and the markon is 25%, the list price would be $62.50 ($50 + 25% of $50).
  • If a store wants to increase the price of a product by 10%, that would be considered a markup.
  • If a product is on sale for 20% off its original price, that would be considered a markdown.

These examples illustrate how markon is used to determine the list price of a product. By adding a percentage to the cost of production, businesses can ensure they make a profit on each sale. Markups and markdowns are used to adjust the price based on market demand and other factors.

markmoot | marksman

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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