Question

​a major big box store allegedly adds 5 percent to the total cost of production or cost of purchasing items it sells in its store, then adds to this number the additional costs and profits in order to arrive at the product's selling price. the 5 percent represents the ___ amount.

Answer 1

Given that a major big box store allegedly adds 5 percent to the total cost of production or cost of purchasing items it sells in its store, then adds to this number the additional costs and profits in order to arrive at the product's selling price. the 5 percent represents the markup amount.