Question

The buying price of any item is known as its selling price
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Answer 1

Step-by-step explanation:

In the following section, we will define what we mean by the concept of Selling Price and see some solved examples that shall help us to solve the questions of Selling Price. Profit and loss is the branch of basic mathematics which deals with the study of profit and loss made in a business transaction. The profit and loss account is fundamentally a summary of the trading transactions of a business and shows whether it has made a profit or loss during a particular period of account. Indeed, by deducting the total expenditure from total income the profit or loss of a business can be calculated.

Answer 2

Answer:

Price at which a person buys a thing is cost price for that person, and price at which the person sells a thing is selling price for that person but for the person which buys that thing, it will be cost price.

Step-by-step explanation:

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