Answering Exams

Which of the following refers to the difference between the sale price and cost of inventory?

Which of the following refers to the difference between the sale price and cost of inventory?

A. Net loss
B. Net worth
C. Markup(Correct)
D. Markdown

Mark up/margin is the extra amount charged by business to it customer to earn profit. It’s the difference between sales price and cost.

 

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