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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
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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

User Mong Zhu
by
9.0k points

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:

User Joe Ijam
by
8.7k points
11 votes
It’d be the markup so C.)
User Dmirkitanov
by
8.5k points
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