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

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.

The difference gap of $10 will be adjusted in the sales itself as it is the mispricing fault of the shopkeeper itself.

The mispricing of the shopkeeper will be adjusted in the sales because the shopkeeper has charged $20 instead of $30 which means the price has been changed and the shopkeeper has charged less price to its customers.

It cannot be considered as the loss part because the actual cost price has not been mentioned and it may happen that the cost price is less and shopkeepers sell at a high price.  In this case, the store is making a profit. And therefore the difference will be considered as the sale difference.

To know more about the mispricing of the shopkeepers, refer to the link below:

link

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