Q1. Given the following information for Al-Maha Shop Company, answer the following questions: Selling price (per unit) 500 R. O Number of units sold 200 Variable cost (per unit) 300 R. O Fixed cost 600,000 R. O Contribution margin per unit and Break even point in units

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.