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Solution The correct option is A At a profitIf the selling price of the article is more than its cost price, then the article is said to be sold at a profitSimilar questions Q. An
article is sold at 10% profit . If its cost price and selling price are 50 less, the profit would be
5% more. Find the cost price? Q. An article is sold at a profit of
20%. If both the cost price and selling price were to be Rs. 20 less the profit would be
10% more. Find the cost price of the article Q. An article cost Rs
80 to the vendor. If he marks the article for 50
% more than the cost price and sells it 25
% less than the marked price. What is his gain percentage ? Q. The cost price of an article is Rs. 1600, which is 20% below the marked price. If the article is sold at a discount of 16%, then find the selling price. Q. The selling price of an article is Rs.180 more when it is sold at a 3.75% profit instead of a 3.75% loss. Find the cost price (in Rs.) of the article. View More The difference between the cost price and selling price of an article is
Commerce WAEC 2012 The difference between the cost price and selling price of an article is
Correct Answer: Option BExplanationMark-up is simply the amount added to the cost price of goods to cover overheads and profit. This is the difference between the buying price and the selling price Report an Error Ask A Question Download App Contributions ({{ comment_count }})Please wait...Modal title{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }} ReportThank you for reporting this comment. Block User{{ feedback_modal_data.title }}Quick QuestionsPost your ContributionPlease don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here {{ settings.form_textarea_description }} Sign In
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What is selling price of an article?The selling price of an article is equal to the cost of the article plus the markup.
Is cost and selling price the same?Cost Price: The price 3rd party sellers pay and incur for purchasing items from a manufacturer. Selling Price: The amount the 3rd party sells the item to their customers.
What does cost price and selling price mean?Cost Price: The amount paid to purchase an article or the price at which an article is made is known as its cost price. The cost price is abbreviated as C.P. Selling Price: The price at which an article is sold is known as its selling price. The selling price is abbreviated as S.P.
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