Key Concepts Of Buying & Selling Flashcards
Is the price that a company or store has to pay for the goods it is going to sell.
Cost Price
Is the price that a company or store has to pay for the goods it is going to sell.
Cost Price
The price per unit incurred relative to the production and sale of a commodity.
Operating Cost
The price at which the commodity is sold per unit
Selling Price
The price at which the commodity is sold per unit
Selling Price
Many earned after the cost price and the rating cost are accounted for after the sale of commodity
Profit
The discounted price usually offered in the store disposes of its perishable items if wants to compete with other stores
Sale Price
Having equal cause and income
Break-even
Is an amount added to the cost price to determine the selling price
Mark-up
A temporary markup on a certain product to take advantage of the height demand during peak season or special occasions
Mark-on
It is selling an item with a lower price than the original plan because it is not selling
Mark-down
It is selling an item with a lower price than the original plan because it is not selling
Mark-down
