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O-LevelCommerceFinance7100/12 · Oct/Nov 2013 · Q141 Mark

What is meant by the term mark-up?

Areduction in the list price given for a product

Bdiscount offered for payment in cash

Cthe profit margin on a product offered for sale

Dtotal sales less returned goods

✓ Correct answer

C: the profit margin on a product offered for sale

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2013 Paper 1 Variant 2, question 14.

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