When an article is sold without any discount, than its selling price =
a) cost price b) mucked
price c) lest price d) both b&c
Answers
Answer:
When an article is sold without any discount, than its selling price =
answer is list price
list price
Items which are manufactured in a factory are marked with a price according to the list supplied by the factory, at which the retailer is supposed to sell them. This price is known as the list price of the article.
'selling price' is the amount you actually pay for the thing when you purchase.
Step-by-step explanation:
Discount:
In order to increase the sale or clear the old stock, sometimes the shopkeepers offer a certain percentage of rebate on the marked price. This rebate is known as discount.
The discount is always reckoned on the marked price.
'selling price' is the amount you actually pay for the thing when you purchase.
'marked price' is the general price of the thing without any discount.
'discount' is a percentage of the marked price
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Note: the given question is incorrect as it should be,
When an article is sold without any discount, than its selling price =
a) cost price b) marked price c) list price d) both b&c
Given:
An article is sold without any discount.
To find: selling price will be equal to.
Solution:
Know that,
Discount: the rebate on marked price of the item is known as discount.
'Selling price' is the amount you actually pay for the thing when you purchase.
'Marked price' is the general price of the thing without any discount.
List price: Items that are manufactured in a factory are marked with a price according to the list supplied by the factory, at which the retailer is supposed to sell them. This price is known as the list price of the article.
Cost price: the price at which an item is purchased.
Understand that, if no discount is applied on the selling price of the article. Then, the item is sold at the printed on the item, which is also known as Marked price or List price of the item.
Therefore, the selling price will be equal to marked price or list price.
Hence, the correct answer is option (d). i.e., both b&c.