For a particular item in a shop, which of the following will have the lowest selling price? (MP = Marked price)
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Answer: In the profit and loss section, the cost of a product is very crucial. If you have marked the cost of the product wrong, you may not see any profit at all. In the following section, we will see what we mean by marked price. We will also see all the other relevant terms and try and understand how to determine marked price such that the profit is maximum.
Step-by-step explanation:
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