Accountancy, asked by prashant984597, 1 year ago

Between cost price and market price, which should be used in final account?

Answers

Answered by IASofficer

Relation between marked price and selling price

Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price.

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