Question

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.
cost
B.
price
C.
markup

Answer 1

C: Markup, for profit!

The cost is 100, without markup.

The price is how much it's on sail for (120)

Explanation:

Answer 2

It’d be the markup so C.)