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Of course. If you wish to stay in business you must unless it is part of a larger strategy.
Large stores sell certain products at cost or slightly below cost for marketing reasons.
These are called loss leaders.
They will advertise these products prominently to entice you into the store assuming you will buy other items that are not subsidised. In fact other items may have a huge mark up on them, this more than repays the tiny amount lost on the loss leader.
The few pennies you save on a multipack of crisps is more than made back by the store by the several hundred percent profit the have made on other items.
Razor blades, for example, have a huge profit margin, at least several hundred percent and in many cases over a thousand.
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A store makes a profit of 25 on each graphing calculator it sells How many calculators must the store sell to make a profit of at least 275?
a store make a profit of 25 on each graphing calculator it sell.how many calculator must the store sell to make profit of at least $275
How do you calculate cost price if we know the selling price and profit?
let the cost price =X sell price=cost +profit selling price=x+profit
Sell price is 2602.58 cost price is 2090.42 what is the profit?
The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%
How do you calculate cost price when given sell price and profit percentage?
Cost Price = Selling Price - Profit Profit = Selling price * profit percentage Example: Selling Price = 10 Profit % = 50% Profit = 10*50/100 = 5 Cost price = 10 - 5 Cost Price = 5
Can you give me an example of profit?
You buy a coconut for 1 rupee. You sell that coconut to me for 2 rupees. You have made 1 rupee (minus your other costs) profit.
