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25 October, 11:30

Which statement defines the term markup?

the extra amount added to the selling price to arrive at the cost price

the extra amount added to the cost price to arrive at the selling price

the extra amount added to the marginal cost to arrive at the selling price

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  1. 25 October, 14:03
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    A. The extra amount added to the selling price to arrive at the cost price
  2. 25 October, 15:04
    0
    The extra amount added to the selling price to arrive at the cost price.

    Ex: A game costs $50 normally but has a $10 markup. The new price would be $60
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