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The grocer bought canned goods for 1765 and sold them for 2680how much profit did the grocer make?
To calculate the profit the grocer made, subtract the purchase cost from the selling price. Profit = Selling Price - Purchase Cost, which is 2680 - 1765 = 915. Therefore, the grocer made a profit of 915.
Conclusion about profit and loss?
People who give Discounts on their shops just try to fool us. But the reality is that they make profit even by giving discounts .ìt is done by fixing the net price much higher than the cost price and then they offer the discount accordingly
Why should cost be matched with revenues at the end of an accounting period?
You compare income with expenses to see how much profit you have made.
If the firm produces 5 units that it sells at a price of 30 each what will its profits or losses equal?
You are not providing enough information for an answer. We know what they are selling for, but you did not say how much they cost to produce. Profit is how much more they sell for that what they cost to produce. If each cost 25 to produce, and sold for 30, then the profit of each sale is 5, or 25 if you sell 5 of them. If each cost 35 to produce, and sells for 30, you lose 5 on each sale.
What are the cost volume profit and break even analysis and what are their uses in business?
These are tools which helps the management to determine how much units of products must be made and sale to cover all the expenses atleast and after that point company actually starts earning any profit.
The grocer bought canned goods for 1765 and sold them for 2680how much profit did the grocer make?
To calculate the profit the grocer made, subtract the purchase cost from the selling price. Profit = Selling Price - Purchase Cost, which is 2680 - 1765 = 915. Therefore, the grocer made a profit of 915.
Is the profit made by selling a pen for rs 10as much as is costwhat is the cost price of the pen?
It is Rs 5.
Is unit cost and unit price the same?
Unit cost is how much is costs to make. Unit price is how much you sell it for. The difference is profit.
How much revenue is made from iPod Touches?
The average cost to make and iPod touch runs about $147.00. The price of a current iPod touch is $299.00 for a 32gb model. That's a profit of about $152.00
What if Jimmy made a 15 profit on the sale of a custom designed boat and the original cost of the boat was 15000. The boat sold for how much?
If he made a profit of 15, he sold it for 15015.
How much of the price of a restaurant meal is profit?
£/$6 would be the profit of a restaurant meal
Conclusion about profit and loss?
People who give Discounts on their shops just try to fool us. But the reality is that they make profit even by giving discounts .ìt is done by fixing the net price much higher than the cost price and then they offer the discount accordingly
Why should cost be matched with revenues at the end of an accounting period?
You compare income with expenses to see how much profit you have made.
How much does a raspberry cost?
The cost of a Raspberry Tiramisu varies based on where it is bought or how it is made. This price can range from $15 to $40.
Why is the ps3 cost so much?
Because it will retail for 599 us dollars. They were taking a lose at that price and have finally gotten their costs down to allow a profit.
How much per cent above the cost price should a shopkeeper mark his goods so as to earn a profit of 26 percent after allowing a discount of 10 percent on the marked price?
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
How does a company make a profit?
it manufactures or buys in large quantities and a low price and sells at a much larger price. The selling price is governed by the material cost, labour costs, etc these are classed as "on costs". Once this base line figure is ascertained a second figure which is a percentage higher than the first is used to generate the profit the difference between the 2 is called the profit margin.
