BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the formula of Selling Price?
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Selling Price= Cost + Markup
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SP=C+Msp for markup based on selling price
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SP=C+Mc for markup based on cost price
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SP=C+M
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SP=C+OE+NP
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Explanation:
Detailed explanation-1: -Divide the total cost by the number of units bought to obtain the cost price. Use the selling price formula to find out the final price i.e.: SP = CP + Profit Margin.
Detailed explanation-2: -⇒ SP = (100+Profit% 100)×CP. 2. When loss% is given. ⇒SP = (100+Loss% 100)×CP. If discount is provided on the marked price then the formula of SP can be written as-
Detailed explanation-3: -CP = ( SP * 100 ) / ( 100 – percentage loss ).
Detailed explanation-4: -If a discount is expressed as a percentage (rate) in that case, the discount formula is: Discount = Listed Price × Discount Rate. Rate of Discount = Discount% = (Discount/Listed Price) ×100. Selling Price = Listed Price [(100−discount%)/100]
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