Answer / dev

Interest is the additional amount paid for interest bearing borrowings(loan),, where the mark up is the additional amount added to the cost of a product or service,, to reach a selling price and thereby to earn a profit.

Answer / n v nayak

Interest is the price paid for borrowing, and mark up is
the margin loaded.

Answer / abdul haseeb khan

interest is the compensation paid by borrower for the borrowed money to the lender, normally on monthly basis or annually basis.

markup is added on the total cost incurred by the producer of good or service in order to create profit.

Answer / 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.

Answer / usman ghani

interest is a fixed amount which is paid monthly or annually on amount borrowed here it should be noted that interest is paid every month or year till the borrowed amount is returned where as the markup is the amount added to the cost of something which is bought here it should be noted that the additional amount is once added in coast that includes profit

Answer / obaid

Interest is the amount paid in addition to the original price  while mark up is the topping up on the original price. The main difference is; they are treated differently in the books of accounts though leading to the same point ie profit earned at the end of an accounting period resulting in an increased owner's equity.

Answer / 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.

Answer / praneeth

intrest means takens the profit

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