Question

If a merchant purchased a sofa from a manufacturer for $400 and then sold it, what was the selling price of the sofa?

Answer 1

The selling price is the same amount in which merchant sold the sofa.

Explanation:

Cost Price is the amount in which a person buys the item.

Selling Price is the amount in which a person sells the item.

The merchant purchased a sofa from a manufacturer for $400 then this price $400 is the Cost Price of the sofa.

Selling Price is the amount in which the merchant sold the sofa.