Question

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

• A. Marked Price
• B. Selling Price
• C. Profit
• D. Cost Price

Answer 1

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.