Just price
You should charge enough to cover the cost of materials, labor, and overhead expenses, plus a reasonable profit.
what is the difference between reasonable profits and economic profits
Cash profit means profit after tax plus depreciation.
Cash profit means profit after tax plus depreciation.
Cash profit means profit after tax plus depreciation.
gross profit
20% with a reasonable rent and about 60 hrs of devoted labor from the owner .
Yes reasonable
selling price
Reasonable profit refers to a level of profit that is fair and justifiable in relation to the risks taken, investments made, and the value provided to customers. It balances the need for businesses to sustain operations and incentivize growth while ensuring that prices remain fair and competitive in the market. Essentially, it reflects a profit margin that supports long-term sustainability without exploiting consumers or distorting market dynamics.
The main purpose; in my opinion; is to have reasonable pricing for any good that is convenient to the customer and in the mean time assuring a reasonable net profit to the dealer.
49800