BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The price at which the item actually sold
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Selling Price
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Cost
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Mark up
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Mark down
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -The selling price of a product or service is the seller’s final price, i.e., how much the customer pays for something. The exchange can be for a product or service in a certain quantity, weight, or measure. It is one of the most important factors for a company to determine.
Detailed explanation-3: -If the selling price (S.P.) of an article is greater than the cost price (C.P.), the difference between the selling price and cost price is called profit.
There is 1 question to complete.