A store accidentally priced an item at $20 instead of $30 and honored the mispricing. where should the $10 difference

Question

Zack Hayden

Business

30 July, 06:56

A store accidentally priced an item at $20 instead of $30 and honored the mispricing. where should the $10 difference

+2

Answers (2)

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Tessa Malone · Answer 1

The difference is attributed to sales.

Explanation:

The difference of $10 will be attributed to sales because $20 is charged instead of $30 which means selling price has been changed. However, it cannot be considered as a loss because the cost price is not given. It might be the actual cost price for the item is $15 and the store is selling at $20 instead of $30. So, in this case, the store is making a profit of $5. Thus, the difference is considered as the sale difference.

Jamarion Yoder · Answer 2

On a store credit or cash which ever is easier