The amount added tot he cost of an item to cover the operating expenses and profit. it is the difference between the cost and the selling price.
It can be called markup, or sometimes the margin.

Question

The amount added tot he cost of an item to cover the operating expenses and profit. it is the difference between the cost and the selling price.
​It can be called markup, or sometimes the margin.

Quizplus · Accepted Answer

Markup is the amount added to the cost of an item to cover operating expenses and profit, representing the difference between the cost and the selling price. It is sometimes referred to as margin, although margin can also specifically refer to the difference between the selling price and the cost as a percentage of the selling price.

The Amount Added Tot He Cost of an Item to Cover