If a retailer purchases a can of soup for 60 cents and sells it for 99 cents, 65% is the markup as the percentage of cost 39.4% is the percentage of the selling price,
The selling price (SP) of a product or product is the average price at which a particular product or product is sold in a channel or marketplace. This term is used especially in retail and technical distribution. [1] In the lodging industry, it is more commonly referred to as average room rate or average per diem.
selling price allows companies to bear all the costs of their products and operating costs and make a profit. Customers compare products based on retail prices and decide how to allocate their money. Businesses rely on sales prices to determine revenue from sales and achieve business goals.
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