Math, asked by helper10, 1 year ago

what is difference between cost and rate

Answers

Answered by skgaur
1
Price is the amount a customer pays for that product or service. The difference between the price that is paid and the cost that is incurred is the profit the business makes when the item sells. If a customer pays $10 for an item that costs the company $5 to produce and sell, the company makes a $5 profit.

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