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What is mark up

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What is mark up

Posted by Jorden Dorjee Sherpa 5 years, 10 months ago

CBSE > Class 12 > Other Subjects

1 answers

Gaurav Seth 5 years, 10 months ago

Markup refers to the difference between the selling price of a good or service and its cost. It is expressed as a percentage above the cost. In other words, it is the added price over the total cost of goods sold or service that provides the seller with a profit.

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CBSE > Class 12 > Other Subjects