Question

What is mark-up price?

Answer 1

Answer:

Markup (or price spread) is the difference between the selling price of a good or service and cost.

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Answer 2

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 the good or service that provides the seller with a profit.