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A middleman is receiving either a dollar amount or percentage difference between the average cost and the price of an individual item or of all merchandise in stock for a specific department. The amount the retailer is receiving is known in the business as a ________?.

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abiolataiwo2015

If A middleman is receiving either a dollar amount .The amount the retailer is receiving is known in the business as a markup.

What is markup?

Markup can be defined as selling price of items minus cost price of an item.

Example of the term  markup is when the cost price of a shoe is $50 in which the selling price of the shioe is $100. The difference between the cost price and selling price is what is called markup.

Therefore the amount the retailer is receiving is known in the business as a markup.

Learn more about markup here:https://brainly.com/question/1153322

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