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WAEC Commerce 2012 Objective — Question 32

Question 32 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.

The difference between the cost price and selling price of an article is

A. commission
B. mark-upCorrect
C. rebate
D. discount

Explanation

Mark-up is the difference between the selling price and cost price of a product.

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