Question

________ is the amount at which the product is sold in the market by the retailer

A) Selling Price
B) Cost Price
C)Marked Price
D)loss

Answer 1

Answer:

option A

selling price is the correct answer

Answer 2

A) Selling Price is the amount at which the product is sold in the market by the retailer

• When a customer buys any product by paying a price to the trader is comes to be known as the Selling Price(S.P.).

• If the selling price is greater than the cost price, it gives a profit and if the selling price is less than the cost price, it gives a loss.
• Some of the formulas related to the selling price(S.P.) are:

1. Selling Price(S.P.)=Cost Price(C.P.)+Profit
2. Selling Price(S.P.)=Cost Price(C.P.)-Loss