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How is profit determined?

Updated: 9/14/2023
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12y ago

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Depends on how much $ u make the item and $ get back from it.

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12y ago
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Q: How is profit determined?
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Related questions

How is price determined?

Cost of the item + Desired Profit = price.


How do I Find the incremental profit or loss?

The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.


How is the size of a commission determined in car selling jobs?

The size of a commission for car salesmen is calculated by the profit of the vehicle. The salesman gets a percentage of the profit of the vehicle.


How does the cost of business funds determined?

by knowing how much u spend and how much profit u make


How are dividends determined?

Dividends are determined by the board of directors/owners of the company. usually it is based on the amount of profit the company has made in that particular quarter/half year/financial year.


Difference between net profit and turnover?

Net Profit is the profit determined by a company after deducting the cost of product plus the cost of carrying the prdt from the gross received amount. While turnover of a company represents the total volume of sales a company does .It includes the cost price of the product plus the profit.


If your sale prize is 5.50dh ad cost is 3.25dh what is your profit margin?

If the sale price is $5.50dh and the ad cost is $3.25dh, the profit margin cannot be determined. The cost to produce whatever is being sold is still a factor in determining profit margin. Sales price less all costs equals the profit margin.


What is a profit constraints?

In economics, profit constraints basically have two categories. Non-binding and binding profit constraints. Non-binding is more likely preferred by managers who pursue an 'enough profit level' comparing with a higher chosen by owners. This finally gives rise to a bind and a non-bind curve that shows a profit of maximum total revenue level below or above the profit constrain that is determined by owners and managers respectively.


How are price and output determined under pure or perfect competition?

Price is determined by the market and Output level is the only choice the firm has to make. Since firms want to maximise profit, it will produce at a level where Marginal Cost equals Marginal Revenue. This is the profit maximisation pointUnder the perfect competition sellers will reduce prices in order to sell more than their competitors.


How are price and output determined under pure and perfect competition?

Price is determined by the market and Output level is the only choice the firm has to make. Since firms want to maximise profit, it will produce at a level where Marginal Cost equals Marginal Revenue. This is the profit maximisation pointUnder the perfect competition sellers will reduce prices in order to sell more than their competitors.


Is it important to consider income taxes in preparing projected statements Why or why not?

It helps determine your profit margin. It is also a method used to determine the projected financial profit at a given period of time. Investment can only be determined if the income tax is favorable.


What percent of taxes are taken out of a profit sharing check?

The percentage amount will be determined by what your marginal tax rate is when the taxable amount of profit sharing amount is added to all of your other gross income when you are preparing your income tax return for the year.