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How does the cost of production and the selling price affect proftis?
Wiki User
∙ 11y ago
For each unit sold, a rough approximation is
Profit = Selling price minus Cost of production.
It is an approximation because it does not take account of taxes, inventories and so on.
Wiki User
∙ 8y ago
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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 is selling price minus cost price all divided by selling price?
gross profit
Why is the selling price after mark up greater than selling price after discount?
A markup increases the price; a discount decreases it.
Find the selling price of an article costing rs.30that was sold at a profit of 15 percent of the cost price?
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
Selling price 100 and market price is 125 what is discount percent?
The discount is 20%
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 factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
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.
When the selling price goes up what is the relationship to the quantity supplied?
cost of production goes down
How does scarcity play a role in the factors of production?
it plays a role in the factor of production because if there is none, companies can produce more with a higher selling price.
What is the selling price of dairy milk i selling price to consumers ii selling price to retailer iii selling price to wholesaler?
selling price to whole seller.
What is the selling price?
The selling price is the price that people get their food on sale
Why selling and admin price are not included in total production cost?
Selling and administration expenses are not used to produce the units rather these are used to sell or run the day to day activities of business. Production cost is that cost which is used to produce the units only.
Define cost price and selling price?
define cost and selling price
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
How do you find the percent of markup?
(Selling Price - Cost price)/Selling Price * 100
How does price increases affect production decisions?
Assuming you mean price of supplies: Finding ways to optimize the processes and making production more efficient and less costly. Or the good old staff lay offs.
