A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. which term describes the extra $20

Question

Bryan

Mathematics

5 October, 06:01

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. which term describes the extra $20

+1

Answers (2)

Know the Answer?

Camden Robles · Answer 1

The $20 extra is called profit, or mark-up

Frank Patel · Answer 2

Alright, I am guessing this is logic correct?

The seller buys the item from the manufacturer to sell it. So, that's $100 for the manufacturer. The seller then, possibly goes off to stores and sells it for $120. So that's $20 for the seller. So, the term that describes the extra $20 would be the Seller in which gains $20 off the manufacturers product.