What is the formula of finding selling price?
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Step-by-step explanation:
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.
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◆◆◆◆◆Answer:
●●here..SP = selling price and CP = cost price●●
SP = [(100+gain%)/100]×CP
OR
SP = [(100-loss%)/100]×CP
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