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When a discount is 10 percent is given on on an item being sold at a profit of 20 percent on the cost price the sales volume trebles what is the ratio of new profit to original profit?
3:2
What if Jimmy made a 15 profit on the sale of a custom designed boat and the original cost of the boat was 15000. The boat sold for how much?
If he made a profit of 15, he sold it for 15015.
Which graph represents viable values for y 2x where x is the number of pounds of rice scooped and purchased from a bulk bin at the grocery store and y is the total cost of the rice?
D I C K
The labeled price of a cupboard is Rs 6500 The shopkeeper sold it by giving 5 percent discount on the labeled price and earned a profit of 15 percent What is the cost price of the cupboard?
The shopkeeper sold the cupboard for Rs 6175. 5% of 6500 = .05 x 6500 = 325 6500 - 325 = 6175 Since he earned a profit of 15% of the cost, the cost price, C, would be Rs 5369.57. C + 15% of C = 6175 C + .15C = 6175 1.15C = 6175 (divide by 1.15 to both sides) C ≈ 5369.57
What are necessary components for a graph of a proportional relationship?
Oh, what a lovely question! To create a graph of a proportional relationship, you'll need two important components: the x and y axes. The x-axis represents the independent variable, like time or distance, while the y-axis represents the dependent variable, such as speed or cost. By plotting points where the values are directly proportional, you can connect them with a straight line that passes through the origin. Happy graphing!
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
When margine revenue equals margine cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
When marginal revenue equal to marginal cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
When marginal revenue equals marginal cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
Is a business making a profit when the revenue is less than its cost?
NO, if reveneu is less then cost then company is in loss as following forumula: Net profit (loss) = Revenue - Cost
Why is cost important in business?
because the lower the cost the more profit the business makes profit = revenue - cost
How do you calculate total gross profit?
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
How do you calculate the Gross Profit Margin?
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
Discuss the profit maximization model?
hard to discuss. To really explain it I'd need a graph which I don't have. But Profit maximization is the ATC (Average total cost) and MR (Marginal Revenue) equal each other
The difference between total revenue and total cost?
profit or loss
How do you calculate profit when quantity is added?
To calculate profit when quantity is added, you need to subtract the total cost of producing the additional quantity from the revenue generated by selling that quantity. The profit formula is: Profit = Total Revenue - Total Cost. Determine the additional revenue and additional cost associated with the added quantity to calculate the profit accurately.
