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Lee spent 12 pounds making buns. He sells each bun for 80p. His target is to make a profit of more than 5 pounds. Set up and solve an inequality to work out the least number of buns he must sell to?
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What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What are four principles of the US economic systems?
The four Pricipals of the Economic Systems are:-Private Property-Freedom Of Choice-Profit-Competion
What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
How do you calculate profit percentage?
profit roughly = total cost of making product*15-30%
What is profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is the meaning of close the Profit and Loss Summary account?
profit is when the company is making money and a loss is the company is not making money.
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
What is the formula for calculating loss?
You calculate loss the same as you would do profit income minus expenses (outgoings) = profit/loss If the answer is negative then you are making a loss, if the answer is positive then you are making a profit.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Are partnerships for profit making only?
no
How do I calculate simple profit and loss?
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
