It is the monetary value attached to a product or service, which is expressed in money. It is calculated as follows:
P = Price
C = Cost of production
P = Profitability expected to be obtained. It should be assigned values from 0 to 99.9%.
Selling Price Formula
This means that if demand increases, the selling price increases, since the availability of that product decreases, and if supply increases, its selling price decreases, since there is no problem of product supply.
There are different types of selling prices.
P = The wholesale price
C = The retail selling price
R = The gross selling price
R = The cost selling price
The Sales Glossary is a compendium of all the most commonly used terminology in sales strategy. Many of the concepts listed here are used when implementing a CRM system or a digital sales funnel, no matter if they are legacy systems or an online CRM. See also our blog that deals with sales techniques, marketing and sales culture.