Question

$are \: cost \: price \: and \: marked \: price \: same$
why or why not? ​
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Answer 1

Yes
Marked price and cost price are the same as it is same but name is different

Answer 2

Answer:

No

Step-by-step explanation:

Definition of COST PRICE AND MARKED PRICE ARE DIFFERENT

Cost Price- Amount of money used to manufacture or produce the product.

Marked price- Amount which is marked by seller for the sale of the product.

Selling price- The amount at which the product is actually sold

For eg:

Suppose 20rs of money is used is making a toothbrush, A shopkeeper buys that toothbrush for 20rs from the manufacturer and then marked price of Rs 30 in shop for the sale, a customer came and bought the toothbrush for rs 27 after bargaining with shopkeeper.

Now here CP- 20RS.

MP- 30Rs.

SP- 27Rs.

i hope u got the difference

shopkeeper could have marked the price of toothbrush equal to cost price in that case only the value of CP and MP wil be same but not the definition.