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 with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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