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Irina18 [472]
3 years ago
15

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. which of these terms describes this extr

a $20?
a. costb. pricec. markup
Mathematics
2 answers:
SashulF [63]3 years ago
6 0
Markup: The amount added to the cost price of goods to cover overhead and profit.
Kaylis [27]3 years ago
6 0

Answer:

markup

Explanation:

sellers buy items from manufacturers and need a profit whenever they sell a product.  Therefore, they cannot allow the cost price to equal the selling price.  So they add an extra amount, called a markup, to the cost price to arrive at the selling price.

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