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14 April, 18:25

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?

cost

price

markup

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Answers (1)
  1. 14 April, 21:31
    0
    Markup, for profit!

    The cost is 100, without markup.

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

    I personally worked in a groceries store for 2 years.
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