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GCSE Mathematics · key term
The amount paid to buy or make an item before selling it.
Used by AQA
Specification N2 · Paper 1, Paper 2, Paper 3
Revise: Household FinanceA cost price is what an item costs to buy or make; its selling price is what someone receives for it. If the selling price is higher, the difference is a profit.
For profit or loss, compare the selling price with the cost price and label the difference correctly.
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