Question

Why do street vendors sell goods at throwaway prices?

• A. The cost price is higher than selling price.
• B. Lack of means to store goods.
• C. Goods are perishable in nature.
• D. The selling price is marginally higher than the cost price.

Answer 1

Answer: (B), (C)

The correct options are
B Lack of means to store goods.
C Goods are perishable in nature.

Street vendors sell goods at throwaway prices because they sell perishable goods. These goods are bought from wholesale markets. The goods are sold at marginally higher prices when compared to the selling price. Street vendors lack the means to store these perishable goods.