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Unit Selling Price
The amount of money charged to the customer for a single unit of a product or service.
Variable Cost Concept
Costs that vary directly with the level of production output, such as raw materials and labor involved in production.
Selling Price
The price at which a product or service is offered to consumers, determined by factors such as cost, market demand, and competition.
Markup Percentage
The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.
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