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Understanding Cost Price and Selling Price of Items

Which of thes...

Question

Which of these denote the price at which the seller sells the commodity?

A

Cost Price

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B

Selling Price

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C

Marked Price

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D

Profit

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Solution

The correct option is B
Selling Price

- Cost Price is the price at which a commodity is purchased.

- Selling Price is the price at which the commodity is sold.

- Marked Price is the price decided by the manufacturer, marked as the selling price on a commodity. It is also known as the listed price.

- And if the Selling Price is more than the Cost Price, the difference between them $(S . P - C . P)$ is the profit incurred.

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Which of these denote the price at which the seller sells the commodity?

Q. The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?

Q. The marked price and selling price of an artical are

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Q. If the marked price of an article is

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(ii) the cost price if he makes $25 %$ profit.

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