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What is the difference between the selling price of an article and the cost of the article?
Wiki User
∙ 9y ago
Based on the way this question is phrased, the answer to it would be a basic one in business and economics. A company tries to sell a product (article) at a price higher than it cost to purchase it from a supplier. An example of this would be a retail clothing store. This type of store buys clothes at a certain price, meaning its cost, then will sell, if it can, the cloths at a higher price to the public in order to make a profit.
Wiki User
∙ 9y ago
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What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
What is the difference between actual price and minimum acceptable price?
producer surpluss
How do you find the selling price?
cost price multiply by profit then add the answer to the cost price =selling price
What is the difference between price and average cost?
marginal cost
What is offer to bid pricing in unit trust?
In the very simplest of terms, the price at which units in a unit trust are bought (the offer price) is greater than the selling price (the bid price) and the difference is a combination of various charges. Hence, the value of the unit trust fund has to increase to cover this difference before the units can be sold without a loss. These prices (on an offer to bid basis) are the normal trading prices and use the maximum buying price. If there are a lot of sellers then the bid price may be reduced by the managers to a lower price to discourage sales (on a bid to offer basis). The lowest bid price is called the cancellation price and is dependent upon the value of the assets of the unit trust. Also, unit trusts do not all have the same difference between buying and selling prices.
What is the definition of profit and loss in mathematics?
Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit. loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.
What is the difference between the selling price and sold price?
You could offer a customer a discount on selling price therefore the price they buy the goods for (sold price) would be less than the selling price
What is profit and loss in mathematics?
Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss
What is the difference between the purchase price and the selling price when an investor buys a stock and sells it later at a higher price is this a yield finance related?
buying price is bid, selling price is ask, difference is spread, profit is income or capital gain
Is mark up based on selling price or cost?
Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.
What is the difference between the selling price and the original cost of an item?
The gross profit.
What is the difference between a mark up and a margin?
A markup is what percentage of the cost price you add on to arrive at the selling price. Margin, on the other hand, is the percentage of the final selling price that is profit.
Find the selling price of an article costing rs.30that was sold at a profit of 15 percent of the cost price?
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
Jared bought one share stock for 225 and made a A profit what was the selling price?
Jared sold the stock for a price of 225 + A. Profit is the difference between the cost (buying the stock) and the revenue (selling the stock). So, if you add A to the cost of 225, you'll get the selling price.
By selling an article at a loss of 7 percent a dealer loses Rs 42 What is the cost price of the article?
Rs600
How does gross profit margin increase?
Increase in the price at which you SELL the good if the cost price at which you BOUGHT/PRODUCED the good remains the same or Decreased Cost Price with a Stable Selling Price. Basically anything that would result in the difference between the Selling Price and Cost Price increasing favourably.
What is the difference between marked and selling price?
Marked price is the one shown on the label, or price tag attached to the product or displayed on the shelf. The selling price will include any discount or special offer. In most countries local and national taxes are included in both.
