Question

Example of selling price and cost price

Answer 1

Answer:

For example, the gross profit formula is selling price – cost price = gross profit. It can help a business set the selling price according to the percentage of profit it expects. Let's suppose a product costs the company $10 and it wants to make a 20% profit? Its selling price will have to be $12.5.

2)Cost Price: The price at which goods are or have been bought by a merchant or retailer is known as cost price. Selling Price: It is the price at which a good or commodity is sold by a shopkeeper to a customer.

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