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 then multiplied by

Question

Quizplus · Accepted Answer

Markup is the amount added to the cost of a product by a retailer to reach the final selling price. It is usually expressed as a percentage of the cost. For example, if a retailer purchased a product for $10 and added a markup of 50%, the final selling price would be $15.

Markup Refers to