________ is the difference between the cost of a product or service and its selling price.
A)Markup
B)Break-even price
C)Contribution margin
D)Absorption costing

Name: ________ is the difference between the cost of a product or service and its selling price. A)Markup B)Break-even price C)Contribution margin D)Absorption costing
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Question

Quizplus · Accepted Answer

Markup is the difference between the cost of a product or service and its selling price. It is usually expressed as a percentage of the cost.

________ Is the Difference Between the Cost of a Product