Answer:
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. ... Markup refers to the cost; margins to the price.
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Answer:
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. ... Markup refers to the cost; margins to the price.