The price which is paid to purchase goods is called _____?

Review the verified answer and explanation for this Fair Testing Services (FTS) past-paper question on CampusFin.

The price which is paid to purchase goods is called _____? Answer: Purchase price

The purchase price (also called cost price) is the amount of money paid to buy goods. It is the base amount before adding profit, discount, or other adjustments.

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the Fair Testing Services (FTS) preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.