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soldier1979 [14.2K]
2 years ago
3

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. Which of these terms describes this extr

a $20?
Social Studies
2 answers:
LuckyWell [14K]2 years ago
7 0
<span>The extra $20 is called "Profit." Profit is a financial benefit. It is an amount of revenue that you get when you sell a product that is higher than the amount that when you buy it. The opposite of profit is loss. The profit you get is intended for savings or for other investments.</span>
Naddika [18.5K]2 years ago
7 0

Answer:

markup

Explanation:

sellers buy items from manufacturers and need a profit whenever they sell a product.  Therefore, they cannot allow the cost price to equal the selling price.  So they add an extra amount, called a markup, to the cost price to arrive at the selling price.

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