Markup Is the Difference Between the Cost of a Product

question 81

True/False

Markup is the difference between the cost of a product or service and its selling price.

---

Definitions:

Dynamic Address

An IP address that can change each time a device connects to the internet, as opposed to a static IP address which remains constant.

Packet

A formatted unit of data carried by a packet-switched network, which contains both control information and user data, facilitating data transmission.

Transit

The conveyance of passengers or goods from one location to another, often by public or commercial transport.