answersLogoWhite

0

Hmm... Well, if you were wanting to see what your total cost for something is, you would A: Have to add any costs from your budget for the item and B: Find your gross price. For example- I buy a coffee pot from Wal-mart. it is priced $10.00, it cost me $3.00 in gas to drive to Wal-mart and back, and my time is worth at least $5.00 an hour,(it took me a total of 1 hour to drive there, park, go in, find coffee-pot, check-out and drive home) so, now my coffee-pot has a total cost of 10+3+5=$18.00. Does that help?

The reverse of that would be gross profit versus net profit: A company makes $100.00 for a cleaning service. that is their:Gross profit. They then deduct cleaning supplies ($5.00) from that gross profit, now they are at $95.00, then they deduct wages for worker ($25.00) from that gross profit, now they are at $70.00. So their NET profit from that cleaning service is now $70.00.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

How do you calculate marginal revenue cost by math and graphically and marginal in general?

Profit=Total revenue - Total cost


What does it mean when it says what is the total cost of these?

When a question for the total cost of these, it refers o the items that were mentioned in the math problem.


How do you calculate fixed cost when you only have quantity and total cost?

Find total cost when quantity = 0.


What does sales tax mean in math?

something that increases the amount of the total cost of the item by the government


How do you use the total cost to find the amount of interest?

To find the amount of interest using the total cost, you first need to determine the principal amount and the total cost incurred. The total cost typically includes both the principal and the interest. You can calculate the interest by subtracting the principal from the total cost: Interest = Total Cost - Principal. This will give you the amount of interest charged over the specified period.


If 4 gallons of paint cost a total of 22.00 how much will 14 gallons cost?

This is a simple math question. To solve it: 22.00 divided by 4 equals x. x times 14 equals your answer You do the math.


Find the marginal and the average cost function for the following total cost function?

Find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q = 4 and Q = 6.


How will get total cost function form marginal cost function?

Find the integral of the marginal cost.


What does find the total in math mean?

It means what the answer all together is. For example: 5+8=13. 13 is the total.


Where is the math in fashion designing?

Well, first of all, you must do the math to find out how much the fabric will cost. You must also be able to get the exact measurements of the cloth you are using, which will be easier if you can do math.


What equation is used to determine total cost?

The equation used to determine total cost is as follows: Total Cost = Fixed Cost + (Average Variable Cost) x Output. The equation to find total cost of a number ("q') of units is: C(q)= 100 + 2q.


What is the formula to find the average variable cost?

Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity