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OpenStudy (anonymous):
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.
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OpenStudy (anonymous):
i think it is c as well!
OpenStudy (anonymous):
awesome! I didn't want to be wrong .
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