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It can be defined as a system of accounting under which each departmental head is made responsible for the performance of his department. under this system is made a SEMI-AUTONOMOUS profit center i.e.a center responsibel for the generation of profit.a department generates profit by "SELLING"its o/p to the other departements or profit centers in the same organisation.the prices at which one one department(or) profit center to the other departement or profit center may be fixed in any of the following ways: 1.MARK ON ACTUAL COST 2. MARK UP ON STANDARD COST 3.MARKET PRICE 4.NEGOTIATED PRICE.
The profit margins of petrol service stations are very small. They make almost no money on the fuel they sell, most of their income comes from the convenience store normally attached to the station.
August 9, 2009 The dot is probably the mint mark. Sometimes the part of the die used to make the mint mark gets worn from use and the details of the mark tend to blur into a dot. The 1929 cent is a common coin, meaning there are many of them in the marketplace and the mint mark has little effect on the value which in cirulated condition would be from about 3 cents to maybe 25 cents depending upon the condition of the coin. The mint mark being unreadable will cause these values to decline.
Practically speaking, you basically have two options for how to price products and services:based on your costbased on your competition's pricesTheoretically speaking, you always want to price something as high as the market will bear. In others words, you want to charge as much as your customers will pay.You might try experimenting with prices to see how much you sell at different prices.Mathematically, if you need /want to make a Gross Profit on sales of, say, 40% then you need to be able to calculate a MARK-UP percentage that will deliver you 40% when you 'retail' (sell) the item. How do you work that out? Easy; you simply subtract the 40 (as in 40%) from 100 (per-centum) which equals 60, and then divide the 40 by 60 and hit the % key on the calculator. This will result in a figure of '66.66666' (or 66.7) so you need to add (or 'mark up') 66.7% to the cost of the item. If the cost of the item was $1.00, then the 'retail' price after adding 66.7% would be $1.67. If someone actually buys the item at $1.67 then your GROSS PROFIT on the sale is $0.67 cents. Now if you divide that profit of 0.67c by 1.67 (the selling price) and hit the % key the result will show as 40.12% - VOILA, your retail price has delivered the 40% gross profit you wanted or needed.NOTE: Adding 40% to the cost will result in a gross profit of 28.5% on sales.Similarly, If you want a gross profit of say, 55% - subtract the 55 from 100 (= 45) and divide the 55 by the 45 and hit the % key, which results in 122.2% So one can see that to achieve a GP of 55% one must mark up on cost by 122.2%
Mark Spencer was born on April 8, 1977.
Mark Spencer was born on April 8, 1977.
Donald Mark Spencer is 6' 4".
Mark Spencer - computer engineer - was born in 1977.
Mark Spencer - politician - was born on 1970-01-20.
Mark Spencer is 34 years old (birthdate: April 8, 1977).
A private company can make a profit on anything. Yes, they can mark up electricity.
WHO IS MARK? OR SPENCER? :I
Mark W. Spencer has written: 'From every angle' -- subject(s): Folklore
Donald Mark Spencer was born on December 18, 1961, in Tampa, Florida, USA.
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25% profit. Thats 25% mark up so that means 20% profit on return: MJC