what is the difference b/w interest & markup?
Answer Posted / ahmad raza
the additional amount paid to lender is the interest whereas
mark-up is added to the cost of a product/service to earn
profit but now a days, these are treated as same i.e. there
is no such difference.
| Is This Answer Correct ? | 14 Yes | 4 No |
Post New Answer View All Answers
What are the stages of 'money laundering' process?
What is CBS (Core Banking Solution)?
any one can explain the Dealer Management in the automobolie company?
What is 'Fixed' APR and 'Variable' APR?
What is GAAR?
What is the minimum amount of money that should be remitted through rtgs?
What is the general format for corporate Guarantee for taking advance?
How many number of SBI branches are present in India?
Have you faced any failure in life? If yes, how did you overcome it?
What is priority sector credit?
What Are The Types Of Risks?
What is meant by bossism?
What is Cheque Discount?
Do you know what the different sources of government income are?
How the economic development comes?