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Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [2] and released to the public in January 2007. [3] Quizlet's primary products include digital flash cards , matching games , practice electronic assessments , and live quizzes.
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In the same year, Chegg also acquired Cramster, a provider of online homework help, [28] and Notehall, an online marketplace for class notes. [ 29 ] In 2011, Chegg acquired Zinch , a scholarship search and networking service for high school students and college recruiters, and continues to offer the service, under the Chegg brand name. [ 30 ]
Markup price = (unit cost * markup percentage) Markup price = $450 * 0.12 Markup price = $54 Sales Price = unit cost + markup price. Sales Price= $450 + $54 Sales Price = $504 Ultimately, the $54 markup price is the shop's margin of profit. Cost-plus pricing is common and there are many examples where the margin is transparent to buyers. [4]
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