wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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


A

Cost Price

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

Selling Price

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

Marked Price

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

Profit

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.PC.P) is the profit incurred.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Understanding Cost Price and Selling Price of Items
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon