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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?

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?
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2 votes
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?

asked
User Racheal
by
8.1k points

2 Answers

0 votes
I believe that is called a profit, although i'm not 100%.

answered
User Lanelle
by
7.7k points
6 votes
The answer is profit or mark-up.
answered
User Muhammet Demir
by
7.7k points
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