~Question:✏️
The _____ of the product is the sum of the cost of resources used and it's corresponding mark-up
A. cost
B. selling price
C. profit
D. sales
The _____ of the product is the sum of the cost of resources used and it's corresponding mark-up
A. cost
B. selling price
C. profit
D. sales
Answers & Comments
^Answer: ✏️
The selling price of a product or service is the seller's final price, i.e., how much the customer pays for something. The exchange can be for a product or service in a certain quantity, weight, or measure. It is one of the most important factors for a company to determine.
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C. PROFIT
The PROFIT of the product is the sum of the cost of resources used and it's corresponding mark-up.
Explanation: Profit is the revenue remaining after all costs are paid. These costs include labor, materials, interest on debt, and taxes. Profit is usually used when describing the activity of a business. But everyone with an income has profit. It's what's left over after paying the bills.