BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is the formula to find the amount by the seller in exchange for his/her product or service.
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Explanation:
Detailed explanation-1: -Determine the total cost of all units purchased. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin.
Detailed explanation-2: -The purchase price formula is Purchase Price = Cost Price + Margin. We can also write the formula (Purchase Price*Units) = (Cost Price*Units) + (Margin*Units) which represents the total purchase price for all units sold in a period.
Detailed explanation-3: -⇒ SP = MP-Discount Where, MP is the marked price of the item.
There is 1 question to complete.