_____ is a price-setting method where an amount is added to the cost of a product to set the retail price and provide a profit.

Name: _____ is a price-setting method where an amount is added to the cost of a product to set the retail price and provide a profit.
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Question

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Markup pricing involves adding a certain percentage or amount to the cost of a product to set its price and make a profit. This method is commonly used in retail and is simple to calculate.

_____ Is a Price-Setting Method Where an Amount Is Added