Is cost price the same as marked price?

marked price is the selling price of the shopkeeper

cost price is the shopkeepers price to the wholeselle

the customers cost price is the same as sellers marked price

e.g if an item costs $100 to the shopkeeper and he decides to make a profit of 10% then

the MARKED PRICE OF THE PRODUCT IS $110

this is the COST PRICE to THE CUSTOMER

No. Cost price is what the retailer paid the wholesaler for the item. In fact

Profit = Marked Price - Cost price, as long as it sells for the marked price.

Of course, if the retailer gives a discount or just allows the customer to bargain for a cheaper price, the profit will be less!

cost price -

the price paid or other amount demanded.

Ex. The cost of this watch was $10. Paper costs represent over 25 per cent of the average printing job (Time).

marked price -

the amount marked by the store on the good

Cost price is the amount a retailer pays for the item. The marked price is the price he is prepared to sell it for. Cost price is usually much lower than marked price.

all the others have explained it correct. but let me try to put it simply.

cost price is the price the shop owner paid for the product

marked price is the price the ppl who come into the store pay .

the differennce between marked price and cost proce makes the profit :D

hope this helps

Cost price is what someone like a retailer pays for a product from a wholesaler - normally you have to buy a large quantity of something to get it at the wholesale price - mind you they still make a profit out of it - to truly get something at cost price you need to go direct to the manufacturer - and they won't sell to you direct probably unless you are a trader unless you want to buy a larger quantity of something - they're not normally interested in ones-and-twos - they want the bulk order - thats about how I understand it !

cost price is the price the company incurs while it makes the product,let say the, shoe, money the company has spend on it,and the price marked on it for us to c is the marked price

broadly speaking--marked price-cost price = profit

no, cost price is the price given by the shopkeeper to wholeseller and marked price is the price written on the goods for customer.

There is about 15% RETAILER MARGIN, 15%-20% DISTRIBUTOR MARGIN, 10%-15% MANUFACTURER MARGIN. Plus other overheads.