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Refer to the information provided in Figure 18.3 below to answer the questions that follow.
Figure 18.3
-Refer to Figure 18.3.At point B
Markup
The amount added to the cost price of goods to cover overhead and profit; a percentage over the cost.
Sales Tax
A levy that a government places on the sale of products and services, usually determined as a portion of the selling price.
Marginal Cost
The extra financial obligation associated with the production of an additional good or service unit.
Construction Costs
Expenses incurred by a contractor for labor, material, equipment, financing, services, utilities, etc., to construct a building or structure.
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