By exactly knowing the cost price-- then sales price can be adjustable depending on the external circumstances
marked price/original price =15,737.5
Reduce price
The forces of demand and supply regulated by price helps producers and resource owners solve the problem of what to produce
yeah
Price mechanism is an effective way to solve the basic economic problem. The price of a product is what will determine the demand and this will influence the production output which directly affects the economy.
Commission = percent x original price / 100 so original price = commission x 100 / percent
Consultative selling is the selling process where a sales person spends time with a company to understand the problems they are trying to solve. The sales person then tries to sale them the solution to their problem.
It is to use science for a practical job or to solve a problem.
The term "maximum price" refers to the highest price that one is allowed to charge for selling a product, or a service. Introducing a maximum price helps to solve the problem of scarcity by allowing more people the ability to purchase something that may be previously been out of their means.
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
The sales price formula is Sale Price=(Normal Price)(Compliment of Markdown)
Subtract the sales price from the actual price!