selling price of an iteam is
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It is important to note that the selling price is the total amount of money that will be received so this has to represent 100% for the purpose of this calculation. In basic terms, food costs + gross profit = selling price. Learn more about Marked Price here in detail.
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The term 'selling price' is defined as the price at which a good or service is sold by the seller to the buyer. It is generally expressed as currency units. In other words, it is a market value or agreed exchange value that enables a buyer to purchase goods or services.
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