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Sagot :
If the price of bread doubles The resulting percentage change is 6%.
What is price?
A price is the amount of money or compensation paid by one party to another in exchange for goods or services. In some cases, the production cost is referred to by a different name. If the product is a "good" in the commercial exchange, the payment for it will most likely be referred to as its "price."
The price of a product or service is the result of a complex set of calculations, research and understanding, and risk-taking ability. A pricing strategy considers, among other things, segments, ability to pay, market conditions, competitor actions, trade margins, and input costs.
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