A markup refers to
A)the difference between the final selling price and how the customer values the product.
B)selling brand name merchandise at lower than regular prices.
C)the amount added to the cost the retailer paid for a product to reach the final selling price.
D)the difference between the retail cost and initial selling price.
E)the reduction in retail price,usually expressed as a percentage equal to the amount reduced,divided by the original price,and multiplied by 100.

Question

Quizplus · Accepted Answer

A markup is the additional amount added to the cost price of a product to reach the selling price. It is usually expressed as a percentage of the cost price. Option A is referring to perceived value, option B is about discount sales, option D is unclear about what the initial selling price is, and option E is describing a discount.

A Markup Refers to