BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cost
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Expenses
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Profit
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Selling price
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Detailed explanation-1: -What is a selling price? The selling price is how much a buyer pays for a product or service. It can vary depending on how much buyers are willing to pay, how much the seller is willing to accept, and how competitive the price is in comparison to other businesses in the market.
Detailed explanation-2: -The amount that the buyer pays to buy the product is called the selling price. The actual selling price is the price the buyer pays to buy a product or service. This is the price that is higher than the cost of goods and includes a profit percentage.
Detailed explanation-3: -The market price is the current price at which a good or service can be purchased or sold. The market price of an asset or service is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the market price.