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Can you maximize profit by selling it in highest price?

Updated: 8/2/2021
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Wiki User

12y ago

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The major mistake most homeowners make when putting their property up for sale is not choosing the correct price to list at. This is a mistake that can set you off down the wrong path with your home, causing you to lose both time and money.

A home that is listed too high is likely to push potential buyers away, especially if there are much better deals around for similar homes. Putting your home up for too low though might provoke skepticism as well, which won’t help get the property off your hands either.

Even if you do make a sale off the total, you might be leaving money on the table.

It’s important to do a lot of research before deciding on what price to list your home. Look at other similar homes in your neighborhood. Try to keep your intended price at or around these prices.

This will ensure a smoother, quicker sales process once your home is available for purchase to the public. You might need to rely on help from a local expert to land on the proper sales price for your home.

It can help to work with someone that has no bias or emotional attachment to the property. You’re more likely to land on a price that you can all be happy with.

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memvestments

Lvl 6
2y ago
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12y ago

To maximize profits a firm need not sell the output at the highest price. As a matter of fact in most cases trying to increase the price will result in a loss.

hope that helps :-)

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Related questions

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 calculate cost price when selling price and total profit is given?

cost price = selling price - profit


How do you calculate cost price when given sell price and profit percentage?

Cost Price = Selling Price - Profit Profit = Selling price * profit percentage Example: Selling Price = 10 Profit % = 50% Profit = 10*50/100 = 5 Cost price = 10 - 5 Cost Price = 5


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.


How do you get a cost price and a markup if you know the selling price and profit?

Selling price less profit equals cost price. The markup is the profit plus cost 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


How do you find cost price if profit percent and selling price is given?

find cost price if selling price =600 and profit=20%


How do you calculate Selling Price if you know Cost price and Profit percentage?

profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price


How do you calculate the selling price if you know the cost and gross profit percentage?

Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product


How do the find the selling price?

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


How do you find the selling price?

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


What is selling price minus cost price all divided by selling price?

gross profit