The difference between the cost price and selling price of an article is
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Correct Answer: Option B
Explanation:
Mark-up is the amount added to the cost price of a product to arrive at its selling price. Therefore, when the selling price is higher than the cost price, the difference represents the mark-up.
Mark-up is the amount added to the cost price of a product to arrive at its selling price. Therefore, when the selling price is higher than the cost price, the difference represents the mark-up.