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For Retail Price question....If Retail price is 12,995. Markup % is 12. what was the wholesale price?
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∙ 15y ago
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How do you calculate cost of goods sold with a mark up?
Calculate it, Idiot.
How do you calculate selling price if you know the profit mark up and cost price?
Cost price * markup + tax = selling price
When you calculate the value of things you give up to get something else you are determining your?
When you look at the cost of giving up something to get another thing you are looking at opportunity cost. You are estimating which option is better for you.
What describes how opportunity cost is calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
Why does opportunity cost vary?
Opportunity Cost can vary depending on what you are giving up exactly.
What accurately describes how opportunity cost calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
What do you understand by the term opportunity cost?
Opportunity cost is what you give up in order to get something else. Paying money is the opportunity cost for ice cream for example.
What do economists the next best alternative that had to be given up for the one chosen?
opportunity cost
In economics what is cost?
cost of what you give up to get it
What accurately describes how costs and benefits are calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
What is the opportunity cost of seeing a movie?
the opportunity cost of an item is what you give up to get that item. in this case, you want to see a movie, so you may have to give up the movie time to study or something else, that is your opportunity cost.
Opportunity cost curve?
Look up Production Possibility Frontier, it is the same thing as a Opportunity Cost Curve.
