Antique Reproductions pays a manufacturer $800 for a hand-forged iron fireplace screen,and it sells the fireplace screen to a customer for $1600.The markup on the screen is:

Question

Quizplus · Accepted Answer

Markup is the difference between the cost and the selling price. Here, the cost is $800 and the selling price is $1600, so the markup is $1600 - $800 = $800. Therefore, the answer is C).

Antique Reproductions Pays a Manufacturer $800 for a Hand-Forged Iron