Selling price is:
A. the amount offered by the seller in exchange of the product
B. the amount paid by the employer to his employees
C. the expense incurred in the preparation of the item
D. the discount given to long-time customers
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Selling price is:
A. the amount offered by the seller in exchange of the product
B. the amount paid by the employer to his employees
C. the expense incurred in the preparation of the item
D. the discount given to long-time customers
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Answer:
A
Step-by-step explanation:
Selling price is actually the price that a buyer pays in order to buy a product or service. It is a price more than the cost price and also includes a percentage of profit. Setting a selling price is a very sensitive matter as the sales of a product are based on it to a great extent.