A _____ is a dollar amount added to the cost of products to get the selling price.
A) markup
B) rebate
C) list price
D) spiff
E) deal

Question

Quizplus · Accepted Answer

A markup is the difference between the cost of a product and its selling price, expressed as a percentage or dollar amount. It is added to the cost of products to get the selling price. Rebates, list price, spiffs, and deals do not necessarily involve the addition of a specific dollar amount to the cost of a product to arrive at its selling price.

A _____ Is a Dollar Amount Added to the Cost