MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Organisational Objectives

The price of ...

Question

The price of product which is below the cost in the initial stages, is referred to as ______________.

A

Prestige price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Mark down price

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Odd pricing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Customary price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Mark down price
A price markdown is a deliberate reduction in the selling price of retail merchandise. It is used to increase the velocity (rate of sale) of an article, typically for clearance at the end of a season, or to sell off obsolete merchandise at the end of its life.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A trader marks up the price of a product by

50

%. If the discount is increased from

10

20

%, his profit comes down by Rs.

105

. What is the cost price of the product?

Q. A shopkeeper allows a discount of

25 %

on the marked price and earns a profit of

20 %

on the cost price.Its marked price on which shop earns ₹40 is ____.

Q. A dealer is selling an article at a discount of

5

%

on the marked price and its marked price is Rs.

140

. What is the cost price, if the marked price is

12 %

above the cost price?

After allowing a discount of $20 %$ on the marked price of a lamp, a trader loses $10 %$ . By what percentage is the marked price above the cost price?

Q. After allowing a discount of 40% on the marked price, a shopkeeper earns 25% profit. What is the ratio of the cost price to the marked price?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Organisational Objectives

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Organisational Objectives

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon