Examlex
Choose the one most appropriate answer for each.
-sepal
Cost
The cost involved in buying an item or the financial outlay needed to produce a good or service.
Mark-up
The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.
Markdown
A reduction from the original or listed price of a good or service, often used to stimulate sales or clear out inventory.
Gross Profit
The financial term for the difference between revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest payments.
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