The difference between the cost price and selling price of an article is
COMMERCE
WAEC 2012
The difference between the cost price and selling price of an article is
- A. commission
- B. mark-up
- C. rebate
- D. discount
Correct Answer: B. mark-up
Explanation
Mark-up is simply the amount added to the cost price of goods to cover overheads and profit. This is the difference between the buying price and the selling price
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