About Selling Price Formula
What is the selling price?
The selling price is the amount a consumer is willing to pay for a product or a commodity. It is a higher price than the cost price and includes a profit margin. The cost price is the amount paid by the seller for the product or commodity. He then adds a profit or gain percentage to it. The marked price, also known as the list price, is a vendor's price after deducting the required profit percentage.
A seller's market price is the price he quotes to a buyer, whereas his selling price is the price he receives from the buyer following a bargain. The marked price is typically higher than the selling price. The selling price and the marked or list price, on the other hand, can be the same. A fixed-price store is one example.
Selling price is a delicate subject because it affects a product's sales considerably. Any product with a high selling price may not be able to attract many purchasers because consumers may not believe it offers good value. An extremely low selling price, on the other hand, can have a negative impact on a company's profitability. Additionally, purchasers may believe it is of poor quality.
Important selling price formula
- Selling price = Cost price + Profit
- Selling price = Marked/List price – Discount
- Selling price = × cost price
- Selling price = × cost price
Solved example for Selling price Formula???????
- Example 1: Find the selling price of the article if it is purchased at 300 Rs and sold at the profit of 100 Rs.
- Solution:
- Given, Cost price = 300 Rs and Profit = 100 Rs.
- As, Selling price = Cost price + Profit
- Selling price = 300 + 100
- Selling price = 400 Rs.
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