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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?

cost

price

markup

Verified Answer :

Ambivalence

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.

dakotacsey03

It's Considered Markup Because Your Adding Sale Profits Into It.

Its Like Bulk Buying. You Buy This Much Quantity Of A Product With A Discounted Price By The Manufacturer To Retail Sale It For A Higher Wage For Your Online Business Or Store to Make Profits To Grow Your Company.

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