what do you understant by the term mark up?
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Explanation:
Mark up refers to the value that a player adds to the cost price of a product. The value added is called themark-up. The mark-up added to the cost price usually equals retail price. ...Markup refers to the cost; margins to the price.
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Answer:
Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up.
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