The basic selling price is the final or actual price of any product or property. This is the price that is paid by the end user for acquiring the product/property.
The basic selling price is the base price of selling any product, item, or property to a buyer. It is also the price at which this product is listed for sale. This is also known as the average selling price. You can divide the total revenues earned from a service/product and divide the same by the total number of services/products sold, in order to determine the same.
This concept occupies importance in real estate, since it denotes the actual price for which a property is sold. Hence, the basic selling price is the listing price for any property. It may or may not include other additional costs that the buyer has to pay at his/her end as well.
