13. The difference between how much an item cost and how much you sell the item for your
profit.
A. Profit B. Markup C. Selling Price D. Total Cost and Expenses
profit.
A. Profit B. Markup C. Selling Price D. Total Cost and Expenses
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Answer:
B. Markup
Explanation:
Profit margin is sales minus the cost of goods sold. Markup is the percentage amount by which the cost of a product is increased to arrive at the selling price.
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