Which of these denotes the price at which an item is bought ?

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

The price at which an item is purchased is called the cost price of the item.

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Similar questions

Q. If a shopkeeper gains a profit on the purchase of an item, then which of the following statement holds true?

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The cost price of an article is 25% below the marked price. If the article is available at 15% discount and its cost price is Rs. 2,400; find : (i) its marked price (ii) its selling price (iii) the profit percent.

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Which of these denotes the price at which an item is bought ?

The correct option is A Cost Price The price at which an item is purchased is called the cost price of the item.

The correct option is A
Cost Price

The price at which an item is purchased is called the cost price of the item.