The term markup means the amount added to the cost price of goods to cover overhead and profit... which of the following is closer in definition?
A]the extra amount added to the selling price to arrive at the cost price
B]the extra amount added to the cost price to arrive at the selling price
C]the extra amount added to the marginal cost to arrive at the selling price

I think it is C but I'm not positive.

Question

The term markup means the amount added to the cost price of goods to cover overhead and profit... which of the following is closer in definition? 
A]the extra amount added to the selling price to arrive at the cost price
B]the extra amount added to the cost price to arrive at the selling price
C]the extra amount added to the marginal cost to arrive at the selling price

I think it is C but I'm not positive.

anonymous · Answer

i think it is c as well!

anonymous · Answer

awesome! I didn't want to be wrong .