0
What else can I help you with?
Define cost price and selling price?
define cost and selling price
How do you calculate cost price when selling price and total profit is given?
cost price = selling price - profit
How can you calculate the cost price if 70 percent of selling price?
selling price 2783.40. 70% at cost price the answer is 2141.08
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
How do you calculate selling price if you know the profit mark up and cost price?
Cost price * markup + tax = selling price
How does the cost of production and the selling price affect the profit?
As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.
What's the difference between margin and markup when calculating pricing for products or services?
Margin is the percentage of profit made on a product or service, calculated as the difference between the selling price and the cost of production divided by the selling price. Markup, on the other hand, is the percentage added to the cost of production to determine the selling price. In essence, margin is based on the selling price, while markup is based on the cost of production.
Is Mark-up based on selling price?
Mark-up is setting your selling price a certain % higher than your production cost. So, it's probably more accurate to say that it is based on production cost. For instance, a 10% mark-up would establish a selling price that is 10% higher than your cost of production.
What is the minimum selling price for this product?
The minimum selling price for a product is the lowest price at which it can be sold to cover the cost of production and make a profit.
Is the fixeds selling cost is fixed cost?
Selling cost which remains fixed and don't have any impact on production level is called fixed cost.
Define cost price and selling price?
define cost and selling price
When the selling price goes up what is the relationship to the quantity supplied?
cost of production goes down
How do you find the selling price?
cost price multiply by profit then add the answer to the cost price =selling price
How do the find the selling price?
cost price multiply by profit then add the answer to the cost price =selling price
How does the cost of production and the selling price affect proftis?
For each unit sold, a rough approximation isProfit = Selling price minus Cost of production.It is an approximation because it does not take account of taxes, inventories and so on.
How do you calculate cost price when selling price and total profit is given?
cost price = selling price - profit
How can I determine the selling price of a product or service?
To determine the selling price of a product or service, you can calculate the total cost of production, including materials, labor, and overhead expenses. Then, add a desired profit margin to this cost to arrive at the selling price. Additionally, consider market demand, competition, and customer willingness to pay when setting the selling price.
