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How do you calculate percentage if selling price and cost price are given?
P/L% = P/L * 100 divide by C.P
How is total revenue calculated?
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
A tradesman allows a discount of 15 percent on the written price how much above the cost price must he mark his goods to get a profit of 19 percent?
p=wholesale price, m=markup p*m*(1-.15)=p*1.19 m*.85=1.19 m=1.19/.85=1.40 His markup must be at least 40%.
Who is the father of 7 p's of marketing?
Philip Kotler. 4 + 3. 4 P: Product, Place, Price, Promotion 3 P: People, Process, Physical Evidence (As service is not tangible)
What does p in the formula P equals I-E mean?
Profit
Mrs Hong will make a profit which is equal to 18% of the original price if she sells the necklace at $4366. What will be her profit (in dollars) if she sells the necklace at $4450?
If Mrs. Hong makes a profit equal to 18% of the original price when selling the necklace at $4366, we can use this information to find the original price and then calculate the profit at $4450. Let � P be the original price of the necklace. The profit when selling at $4366 is given by 0.18 × � 0.18×P. Now, we can set up an equation: � 0.18 × � = 4366 P+0.18×P=4366 Combining like terms: 1.18 × � = 4366 1.18×P=4366 Now, solve for � P: � = 4366 1.18 P= 1.18 4366 � ≈ 3703.39 P≈3703.39 Now that we know the original price ( � P), we can calculate the profit when selling at $4450: Profit at $ 4450 = Selling Price − Original Price Profit at $4450=Selling Price−Original Price Profit at $ 4450 = 4450 − 3703.39 Profit at $4450=4450−3703.39 Profit at $ 4450 ≈ 746.61 Profit at $4450≈746.61 Therefore, if Mrs. Hong sells the necklace at $4450, her profit would be approximately $746.61.
How to find the profit or loss of something?
to find the profit you have to subtract the selling price from the cost price formula :- SP - CP = P to find the loss you have to subtract the cost price from the selling price formula :- CP - SP = L
What is the formula for finding profit margin?
% P = P/BP *100 % - percentage P - profit P/BP - fraction BP - buying price * 100 - times one houndred (you have to be given the buying price and the selling price to work out the percentage profit) REMEMBER TO CANCEL DOWN THE FRACTION!!!
What is the 3 P's in business and what do they mean?
the four p's are price, place, product and promotion: price is the cost they are selling it for; place is where they are sold; product is the atual item and promotion is how they sell it!
What are the 8 p of service management?
product price place promotion people process physical evidence profit
What is the breakeven price when the quantity or services is 3000 fixed costs 45000 average cost per unit is 150 and required profit is 30000?
You are asking two different questions here. At Breakeven, there is no profit. So the questions are: At what selling price do you breakeven?; and At what selling price do you make a profit of 30,000? The formula is the same for both questions: P = Q(S - C) - F Where P=profit, Q=quantity sold, S=selling price, C=variable cost per unit and F=fixed costs. At breakeven: 0 = 3000(S-150) - 45000 or 3000(S) = 495,000 so S=165 Then, for your given profit: 30,000 = 3000(S-150) - 45000 or 3000(S) = 525,000 so S=175
How do you calculate percentage if selling price and cost price are given?
P/L% = P/L * 100 divide by C.P
What are the 4 p's in marketing?
price, profit and two other things
The profit P, in dollars, of selling x widgets and y gadgets is given by the function P(x, y) = 7x 6y. Which corner point of the shaded region will maximize the profit?
15,25
What are the 4 P's?
Product, price, place and promotion
What is 4 p?
Product Price Place Promotion
What are the p of business?
Place Price Promotion Product
