Markup shows how much more a company's selling price is than the amount the item costs the company. In general, the higher the markup, the more revenue a company makes. Markup is the retail price for a product minus its cost, but the margin percentage is calculated differently.
Explanation:
Definition: Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up. The mark-up added to the cost price usually equals retail price. ... Higher the markup, greater the cost to the consumer, and greater the money the retailer makes.
Answers & Comments
Answer:
A Mark up price is an increase in the price of a commodity
Answer:
Markup shows how much more a company's selling price is than the amount the item costs the company. In general, the higher the markup, the more revenue a company makes. Markup is the retail price for a product minus its cost, but the margin percentage is calculated differently.
Explanation:
Definition: Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up. The mark-up added to the cost price usually equals retail price. ... Higher the markup, greater the cost to the consumer, and greater the money the retailer makes.
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