A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

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asked Nov 10, 2017 196k views

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Bharath R · Answer 1 · 2017-11-17T02:36:18+0000

this is basically known as net profit. because he purcahes it of 100 $ and sale it of 120 and earn a complete 20$ profit. mostly that happens in retailer cases . best example is shop keeper because they are not manufacturing it

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

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