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What is the definition of Historical Cost?
what is the definition of historical cost
What is the definition of 'full cost basis'?
The price paid to acquire, produce, accomplish or maintain anything (usually measured in money)
Can direct cost be indirect cost?
The Answer is NO. Direct costs are direct cost which can be clearly/economicaly identified with the cost object, indirect costs cannot be traced to a specific cost object, based on the definition direct cos cant be an indirect cost (Misdhaaque Ahmed)
How do you get a cost price and a markup if you know the selling price and profit?
Selling price less profit equals cost price. The markup is the profit plus cost price.
How does gross profit margin increase?
Increase in the price at which you SELL the good if the cost price at which you BOUGHT/PRODUCED the good remains the same or Decreased Cost Price with a Stable Selling Price. Basically anything that would result in the difference between the Selling Price and Cost Price increasing favourably.
What is the definition of insurance premium?
The price or cost of the coverage purchased.
What the definition of the cost?
Cost -the price paid to acquire, produce, accomplish, or maintain anything: www.dictionary.com
What is the definition of cost efficiency?
cost efficiency is how good what you paid for was for the price you paid for it. it pretty much rates the quality and the price as a comparison in one.
What is the definition of profit and loss in mathematics?
Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit. loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.
What is a correct formula when markup is based on selling price?
When markup is based on selling price, the formula to calculate the cost price is: Cost Price = Selling Price × (1 - Markup Percentage). Here, the markup percentage is expressed as a decimal. For example, if the selling price is $100 and the markup is 20%, the cost price would be $100 × (1 - 0.20) = $80.
What's the difference between markup and margin when it comes to pricing products or services?
Markup is the amount added to the cost price to determine the selling price, expressed as a percentage of the cost price. Margin, on the other hand, is the percentage of the selling price that represents the profit made on a product or service. In simpler terms, markup is calculated based on the cost price, while margin is calculated based on the selling price.
The major difference between the Consumer Price Index and the Producer Price Index is that?
The PPI is based on the cost of a basket typically purchased by producers, while the CPI is based on the cost of a basket typically purchased by consumers.
What is the correct formula when markup is based on selling price?
The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.
How do you calculate the difference between margin and markup in pricing strategies?
To calculate the difference between margin and markup in pricing strategies, you can use the following formulas: Margin (Selling Price - Cost) / Selling Price Markup (Selling Price - Cost) / Cost Margin represents the percentage of the selling price that is profit, while markup represents the percentage of the cost that is profit. The key difference is that margin is calculated based on the selling price, while markup is calculated based on the cost.
Definition of geographical pricing?
Geographical pricing is evident where there are variations in price in different part of the world.Like for Example rarity value, or where is shipping cost increase price
How much were the cost of diapers in 1985?
The price of diapers in 1985 varied based on brand, count size and if an item was bought in bulk. The cost ranged from $8 to $20+ based on the above, this price does not include a mobile diaper service.
How do you find the cost price?
To find the cost price, you need to determine the total expenses incurred to acquire an item, which includes the purchase price, shipping costs, taxes, and any additional fees. If you have the selling price and the profit margin, you can also calculate the cost price using the formula: Cost Price = Selling Price - Profit. If you need to find it based on a percentage, you can rearrange the profit formula accordingly.
