The price of an item on the retail market is called the:
A) margin price
B) markup price
C) markdown price
D) selling price

Question

Quizplus · Accepted Answer

The selling price is the price at which an item is sold on the retail market. Margin price refers to the profit made on an item, markup price is the amount added to the cost price to get the selling price, and markdown price is a reduction in the selling price.

The Price of an Item on the Retail Market Is