Markup is:
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.

Question

Quizplus · Accepted Answer

Markup is the amount added to the cost the retailer paid for a product to reach the final selling price. It is calculated as a percentage of the cost price.

Markup Is