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The price for any product is a complex mix of charges and taxes. In this case - you need to factor in...

The cost of the raw ingredients - and the wages of the workers who maintain the crop.

Shipping the ingredients to the distillery

Cost of maintaining the distillery - including keeping the temperature at the ambient setting for maximum production.

Cost of storing the finished product for such time as it's matured enough to sell

Cost of bottling and transporting the product

Sales taxes

Supermarket or store running costs.... and so on ! It all adds to the retail price !

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7y ago

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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.


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.


How do you determine a selling price for cereal?

You open the box check what is inside and then duck tape it back shut.


What is the selling price?

The selling price is the price that people get their food on sale


What's the difference between markup and margin when it comes to pricing products or services?

Markup is the amount added to the cost price to determine the selling price, expressed as a percentage of the cost price. Margin, on the other hand, is the percentage of the selling price that represents the profit made on a product or service. In simpler terms, markup is calculated based on the cost price, while margin is calculated based on the selling price.


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.


How do you determine the price of a circa western flyer bicycle?

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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?

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How much money could you get for selling your gold?

Depending on the rate of the economy will determine the price of gold per ounce. The amount you will receive if selling your gold also depends on the amount that you have.


How do you find the selling price?

cost price multiply by profit then add the answer to the cost price =selling price