0
A shop sells CDs for 16.00 per piece. If each CD costs 9.00 to the shop keeper how much profit percent does the shop owner earn?
Wiki User
∙ 6y ago
43.75%
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What do you call the owner of a bar?
Apart from the obvious (bar owner), try saloonkeeper.
Do co owners in fee simple each own 100 percent of the property or 50 percent each?
Although all classes of co-owners in fee simple may own a fractional interest in the whole property, each co-owner has the right to the use and possession of the whole property. That right to the use and possession of the whole property is what we call an undivided interest. The fractional interest would come into operation as the share of the proceeds if the property was sold or as a percentage of rentals and profits.For example:Suppose Nate and Ryan own a cabin as tenants in common. Each has the right to the use and possession of 100 percent of the property. If the property was sold, each would be entitled to 50 percent of the proceeds. If the property is rented out each would be entitled to half the net proceeds. The same would apply to joint tenants and modern tenants by the entirety.
Who is the owner of 245 Ahmadiyya Ave Maple ON L6A 3A6?
The owner is just another man, but the house is rented by Jamia Ahmadiyya. Students of the school currently reside in the house, as a 'hostel'.
What is the yearly cost to join Interval International?
It is usually $80 per year or so if you are a Worldmark owner; often they run specials of two years for the cost of one.
Is master a verb?
Yes, it is, with the meaning "to become proficient at a task." It is also a noun with several related meanings, including a courtesy title (for young males) or the owner of a slave.
What is an owner of a shop called?
a shop keeper
If there are no profits in competitive equilibrium why do firms produce how can they stay in business?
why do firm stay in business if profit is=0In economic profit is revenue minus all costs,including implicit costs,like the opportunity cost of the owner's time and money.In the zero profit equilibrium,firms earn enough revenue to cover these costs.by Abdul hanan tareen
Difference between accounting profit and economist's profit?
The accounting profit is the difference between total revenue and total cost excluding the economic cost (opportunity cost) of owner-supplied resources such as time and capital. At the other hand, In the economic cost, we include the opportunity cost in our calculations. · When total revenue exceeds both explicit and implicit costs, the firm earns economic profit. · Economic profit is smaller than accounting profit Another answer culed be: Economic Profit is slightly different than accounting profit, which merely the firm's total revenues minus its total costs. Economic profit is defined as total revenues minus total operating costs minus opportunity cost. Opportunity cost is defined as the cost of the profits you forgo by not doing another activity. For example the opportunity costs of opening a lemonade stand is equal to the difference between the accounting profits of the lemonade stand minus the accounting profits of a more profitable hot dog stand.
Describe what the profit motive drives businesses to do?
The profit motive states that the ultimate goal of any business in a free market is to make money for its owner and employees. This drives businesses to increase revenue and decrease costs wherever possible while staying in and expanding business.
What is another name for a retail store owner?
Shop keeper is one possibility.
Why profit is mentioned at the liability side?
Profit is a part of owner's equity and actually increase the owner's equity that's why shown under owner's equity heading in liability side of balance shee.Owner's Equity xxxxadd:profit xxxx
Are drawings an apportionment of profit?
Drawings are reduction of capital as it is owner withdrawal of cash from business and it do not affect profit.
Can a non-profit organization declare profit?
Yes. The intent is not to avoid profit; the intent is to serve a purpose. Profits are retained by the organization as opposed to being paid out to the owner in a for profit.
Why should you have to pay for downloading music?
so the owner could get profit.
What is profit without cash in accounts?
Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit. Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit.
How does piracy affect business?
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
Why net profit is disclosed on liabili ty side of balance sheet?
because profit is earned on the capital invested which is not the company's money. capital is also like a liability and the profit should actually be given to the owner and the money is still there with the company so it is again a liab. for the company to pay the profit which is a return on the capital invested by the owner.
