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Answer Posted / abhishek gupta
sunk cost is the cost which has incurred in the past or in history and it could not be reversible in the present and future.
its also not useful to take decision in business.
example- like i purchased a bike of Rs. 80000 but after some time if we sell it could not be resale of rs. 80000.
so in breir we can say the it is the diffrence between purchase and sell price.
ABHISHEK GUPTA
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