Which of these denotes the price at which a commodity is purchased?

Cost Price

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Selling Price

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Marked Price

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Profit

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Solution

The correct option is A Cost 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 marked as the selling price on a commodity, 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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