The firm in the above figure has a markup of ________ per meal.
A) $0
B) $4
C) $8
D) $10
E) more than $10

Name: The firm in the above figure has a markup of ________ per meal. A) $0 B) $4 C) $8 D) $10 E) more than $10
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Markup is the difference between the selling price and the cost price. From the figure, we can see that the selling price of a meal is $12 and the cost price is $8. Therefore, the markup per meal is $12 - $8 = $4. The correct answer is (B).

The Firm in the Above Figure Has a Markup of ________