Cost Price, Marked Price, Selling Price - Explained by Teachoo - Profit and Loss

part 2 - Cost Price, Marked Price, Selling Price - Profit and Loss - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT)

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Cost Price, Marked Price, Selling PriceNow, Cost price is price at which you buy Marked price is price at which you mark in your store (MRP) Selling price is price at which you sell after discount Let’s look at a journey of a sweater from the manufacturer to the customer Journey of a sweater from the manufacturer to the customer In this case, Kishanlal (retailer) buys sweaters from a wholesaler at a price of ₹300 per sweater (Cost Price) The marked price he quotes his customers is ₹480 (Marked Price) After bargaining, he sells this sweater at ₹430 (Selling Price)

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.