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find cost price if selling price =600 and profit=20%
The equilibrium price is the unit cost, which is the same as the total cost divided by the number of units produced (output).
It is the wholesale price plus a share of the overheads.
sales - profit = cost (cist include fixed n variable) then frm dis formula we can easilly find cost of d product
unit price means is when you want to find out how much an invendular thing cost ex.. 15 socks cost 5.50$ and you want to find out how much each cost you need to divid 15 by 15 and 15 and by 5.50$ and you get 2.27