Question

visit one of two shop store where sale are being offered to instigate CP SP MP profit loss discount



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Answer 1

Answer:

Marked Price

The price on the label of an article/product is called the marked price or list price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price. It is generally denoted by MP.

When Discount is offered, M.P. > S.P.

When Discount is not offered, M.P. < S.P.