What is the selling price?

• A. The original cost of producing the item
• B. The amount a buyer pays to purchase an item
• C. The discount offered on the item
• D. The interest rate on a loan

Answer: (B)

Selling price is the amount a buyer pays to purchase an item at the point of sale. It’s the price charged by the seller and can change with discounts or promotions. The original cost is what it cost the seller to produce or acquire the item, which is different from the sale price. A discount reduces the selling price, while the interest rate on a loan has nothing to do with the item's price.