Which of the following terms refers to the monetary amount added to a product's cost to the seller in order to sell it at a target profit?
A) Profit margin
B) Breakeven cost
C) Revenue
D) Revenue margin
E) Markup

Question

Quizplus · Accepted Answer

Markup refers to the monetary amount added to a product's cost to the seller in order to sell it at a target profit. Profit margin refers to the percentage of revenue that is profit, breakeven cost refers to the cost at which the seller neither makes a profit nor incurs a loss, revenue refers to the total income generated from sales, and revenue margin refers to the percentage of revenue that is profit.

Which of the Following Terms Refers to the Monetary Amount