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Naddik [55]
3 years ago
14

Which statement defines the term markup?

Mathematics
2 answers:
Alekssandra [29.7K]3 years ago
4 0
A. The extra amount added to the selling price to arrive at the cost price
BigorU [14]3 years ago
3 0

Answer: The extra amount added to the selling price to arrive at the cost price.

Step-by-step explanation:

The mark up amount is the extra amount added by a seller to the cost price of a commodity to cover expenses and profit in fixing the selling price.

It is the difference between the cost price and the selling price.

It is calculated as a percentage of either the selling price or the cost price.

Hence, the right option is " the extra amount added to the selling price to arrive at the cost price".

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