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.

Answer 1

i think it is c as well!

Answer 2

awesome! I didn't want to be wrong .