The amount added to the cost the retailer paid for a product to reach the final selling price is referred to as a(n) __________.

Name: The amount added to the cost the retailer paid for a product to reach the final selling price is referred to as a(n) __________.
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Question

Quizplus · Accepted Answer

A markup is the amount added to the cost the retailer paid for a product to reach the final selling price. The other options refer to different aspects of markup, but do not fully answer the given question.

The Amount Added to the Cost the Retailer Paid for a Product