Please use the following format while giving an answer:
i) Define Mark-up?
ii) Explain Mark-up using example
iii) Real life Business Scenario where calculating the Mark-up can be useful?
iv) Mention the website where you find this information.
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Fazal-e-Rabi Answered question
Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up. The mark-up added to the cost price usually equals retail price.
(economictimes.com)
Fazal-e-Rabi Answered question
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