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Representation is…
Selling Price
The amount of money for which a product or service is sold to the consumer.
Overhead Expenses
Ongoing costs involved in operating a business that are not directly tied to providing goods or services, such as rent, utilities, and administration costs.
Profit
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Selling Price
The selling price is the amount a buyer pays to acquire a product or service from a seller.
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