Question

How do you think the selling price of an item is decided on?
What factors are involved?

Answer 1

I think the factors involved when determining a price for a product would be the cost of the materials used, profit, reasonable price for customers, and competition.

Step-by-step explanation:

Answer 2

well I work in a store and the selling price of an item is dependent on the price that you're buying it so basically it depends on the wholesale price.