The ________ is the difference between the retail price and the cost of an item.
A) markup
B) markdown
C) break-even point
D) variable cost
E) fixed cost

Question

Quizplus · Accepted Answer

The markup is the difference between the retail price and the cost of an item. Thus, if a sporting goods retailer buys a tennis racket for $75 and sets the retail price at $125, the markup is $50.

The ________ Is the Difference Between the Retail Price and the Cost