Question

the different between retail and cost is called
a.profit
b.markdown
c.income
d.markup​

Answer 1

Answer:

B is the right answer

Explanation:

Mark my answer branlist

Answer 2

Answer- Mark up

The value that a player adds to the cost price of a product is referred to as markup. The term "mark-up" refers to the extra value. In most cases, the markup added to the cost price equals the retail price.

For example, a FMCG company sells a bar of soap to the retailer at Rs $10$. This is the cost price. The retailer adds $Rs 2$ as his value and sells the soap to the final consumer at Rs 10. The margin of $Rs 2$ between the cost price and MRP is the markup. In this case, the mark-up on the cost price is $(2/8= 25%$%) and on the MRP is $2/10 = 20%.$%.

Markup refers to the cost; margins to the price.                                                                                             #SPJ2