differentiate between Cost price and selling price
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Cost is typically the expense incured for creating a product or service a company sells. ... The amount of cost that goes into producing a product can directly impact its price and profit earned from each sale. Price is the amount a customer is willing to pay for a product
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Cost price (C.P) is the amount of money of the actual product. For example, when a shopkeeper buys a stuff. The amount of that stuff is the C.P
Selling price (S.P) is the amount of money of the product when normal people like you and me buys stuff. For example after the shopkeeper buys it for C.P, they sell it to their customers, this is the selling price
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