refers to the expenditure incurred by a producer on the goods produced.

Cost price

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Retail price

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Selling price

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Minimum price

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Solution

The correct option is A Cost price
Cost or cost price refers to the expenditure incurred by a producer on the goods produced. In other words, the amount spent in terms of money from the production of goods till their sale is called cost.

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refers to the expenditure incurred by a producer on the goods produced.

The correct option is A Cost priceCost or cost price refers to the expenditure incurred by a producer on the goods produced. In other words, the amount spent in terms of money from the production of goods till their sale is called cost.

The correct option is A Cost price
Cost or cost price refers to the expenditure incurred by a producer on the goods produced. In other words, the amount spent in terms of money from the production of goods till their sale is called cost.