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1 July, 07:44

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

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  1. 1 July, 10:56
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    This is basically known as net profit. because he purcahes it of 100 $ and sale it of 120 and earn a complete 20$ profit. mostly that happens in retailer cases. best example is shop keeper because they are not manufacturing it
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