GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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earns
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loses
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finds
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receives
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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. This is the price that is higher than the cost of goods and includes a profit percentage.
Detailed explanation-2: -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-3: -There are many formulae for finding cost price, but it all depends on the type of question you get. For example, Cost price = Selling price − profit ( when selling price and profit is given ) Cost price = Selling price + loss ( when selling price and loss is given )