A markup and a margin both refer to the difference between a final price and unit cost.

Name: A markup and a margin both refer to the difference between a final price and unit cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A markup refers to the amount added to the cost price of a product to determine its selling price, while a margin is the difference between the selling price and the cost price, expressed as a percentage of the selling price.

A Markup and a Margin Both Refer to the Difference