A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. Which of these terms describes this extra $20? A. cost B. price C. markup

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asked Dec 2, 2022 137k views

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A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. Which of these terms describes this extra $20?

A.
cost
B.
price
C.
markup

Mathematics
college

Mong Zhu asked

by Mong Zhu

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2 Answers

9 votes

Answer:

C: Markup, for profit!

The cost is 100, without markup.

The price is how much it's on sail for (120)

Explanation:

Joe Ijam answered Dec 3, 2022

by Joe Ijam

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11 votes

It’d be the markup so C.)

Dmirkitanov answered Dec 8, 2022

by Dmirkitanov

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