Which statement defines the term markup?
the extra amount added to the selling price to arrive at the cost price
the extra amount added to the cost price to arrive at the selling price
the extra amount added to the marginal cost to arrive at the selling price

The extra amount added to the selling price to arrive at the cost price.

Step-by-step explanation:

The mark up amount is the extra amount added by a seller to the cost price of a commodity to cover expenses and profit in fixing the selling price.

It is the difference between the cost price and the selling price.

It is calculated as a percentage of either the selling price or the cost price.

Hence, the right option is " the extra amount added to the selling price to arrive at the cost price".

здрасти

step-by-step explanation:

maximum area = xy = (16)(32) = 512 ft2

to maximize the area of the garden, the side of the fence parallel to the side of the house should be 32 ft long, and the other two sides should both have length 16 ft.'

source