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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

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  1. 5 October, 06:02
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    The $20 extra is called profit, or mark-up
  2. 5 October, 06:03
    0
    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.
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