Question

"cost of a good is different from its price.'' comment on this statement citing an example?​

Answer 1

Answer:

you will go to shop and you purchasing a bag of 200 rupees you have no money e you have only 150 rupees so what we do you will say a I have 150 rupees so so I will give 50 rupees after

Answer 2

Answer:

always remember cost + profit= price

Explanation:

take an example

If one shopkeeper buys any goods from its supplier then the price paid is always a cost if he or she sells further to different customer after adding profit to cost.

example:-

shopkeeper buys a calculator for ₹ 100 from supplier then its a cost to him or her

further if shopkeeper sell that calculator after adding profit of ₹ 10 then the selling price will be ₹ 110 to its customer