what is the difference b/w interest & markup?

Answer Posted / malik a. hafeez

Interest is the cost of borrowed amount. The cost may be paid monthly, semi-annually or annually depending on the terms and conditions agreed however mark-up is the additional amount charged on the cost of a product/service.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Say you knew a company's net income. How would you figure out its "free cash flow"?

794


What Is Core Banking System?

631


what are two types of orders issuers may issues in equity trading?

629


What is 'digital signatures' (ds)?

643


What Are The Different Types Of Loans Offered By Commercial Banks?

703






Tell something about Pradhan Mantri Jan Dhan Yojna?

617


Are There Additional Documents And Other Requirements In A Chapter 13 Case? What Is Required In The Chapter 13 Plan?

616


What's Selling gold coins,insurance,mutual funds?

586


what is alpha of stocks

3618


Give key differences between BSE and NSE?

681


What is marginal standing facility (msf)?

636


hi this is renuka i also face an interview in syndicate bank po of 23 aug 2009 plz suggest me the expected question what may they ask to me. my email id is renuka.ahlawat@gmail.com

1696


Explain in a sentence or two, each of the elements of a Business Plan and why it is necessary.

1868


What is online banking?

645


How will you compensate your lack of experience?

619