What is the amount added by a retailer to an item's purchase cost needed to make a profit?
A) Gross
B) Variable cost
C) Breakeven
D) Markup
E) Fixed cost

Name: What is the amount added by a retailer to an item's purchase cost needed to make a profit? A) Gross B) Variable cost C) Breakeven D) Markup E) Fixed cost
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Markup is the amount added by a retailer to an item's purchase cost needed to make a profit. This is the answer to the given question.

What Is the Amount Added by a Retailer to an Item's