0
Still curious? Ask our experts.
Chat with our AI personalities
Devin
Coach
SteveAdd your answer:
Earn +20 pts
How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
A person lost 10 percent when he sold goods at Rs153 For how much should he sell them to gain 20 percent?
To solve this problem, we first need to find the cost price of the goods. If the person sold the goods for Rs153 and lost 10%, the selling price represents 90% of the cost price. Therefore, the cost price is Rs153 / 0.90 = Rs170. To calculate the selling price needed to gain 20%, we can use the formula: Selling Price = Cost Price + Profit. So, the selling price should be Rs170 + (20% of Rs170) = Rs170 + Rs34 = Rs204.
How do you calculate selling price that involve carriage cost?
Carriage is transportation cost. If you are selling the product in your store, you would calculate how much it cost to transport the goods to your store, then factor in the per unit shipping cost. Do a simple COGS (cost of goods sold) calculation. Add the per unit shipping cost to the cost make or buy the product per unit, then add your profit mark-up, say 30%.
Define cost price and selling price?
define cost and selling price
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
