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If the market price is 10 the quantity is 100 what is the profit?
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Is the degree of responsive with which quantity demanded changes due to changes in the price of a product?
Yes. Imagine you are in the market to buy a sports car. A $100 increase in price is not likely to affect the quantity you will demand. However, if you are in the market for bananas a $100 increase in price will definitely affect the quantity you will demand.
What is the formula for finding profit margin?
% P = P/BP *100 % - percentage P - profit P/BP - fraction BP - buying price * 100 - times one houndred (you have to be given the buying price and the selling price to work out the percentage profit) REMEMBER TO CANCEL DOWN THE FRACTION!!!
How do you solve for price index?
To compute the price index, the cost of the market basket in any period is divided by the cost of the market basket in the base period, and the result is multiplied by 100. Price Index= P3/ Pb x 100
What is the price elasticity of supply for a laptop?
The elasticity of supply establishes a quantitative relationship between the supply of a commodity and it’s price. Hence, we can express the numeral change in supply with the change in the price of a commodity using the concept of elasticity. Note that elasticity can also be calculated with respect to the other determinants of supply. However, the major factor controlling the supply of a commodity is its price. Therefore, we generally talk about the price elasticity of supply. The price elasticity of supply is the ratio of the percentage change in the price to the percentage change in quantity supplied of a commodity. Es= [(Δq/q)×100] ÷ [(Δp/p)×100] = (Δq/q) ÷ (Δp/p) Δq= The change in quantity supplied q= The quantity supplied Δp= The change in price p= The price
What determines the price and quanty of goods?
The price of a good is determined by all the factors that contribute to making the product. These factors include: labor, materials, and manufacturing overhead. The demand curve is the amount consumers are willing to pay at every given price. The quantity of goods demanded depends on the price of the product. If the price is $1, the quantity demanded will be a lot more than if the price was $100.
Is the degree of responsive with which quantity demanded changes due to changes in the price of a product?
Yes. Imagine you are in the market to buy a sports car. A $100 increase in price is not likely to affect the quantity you will demand. However, if you are in the market for bananas a $100 increase in price will definitely affect the quantity you will demand.
How do you calculate Selling Price if you know Cost price and Profit percentage?
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
How do you calculate cost price when given sell price and profit percentage?
Cost Price = Selling Price - Profit Profit = Selling price * profit percentage Example: Selling Price = 10 Profit % = 50% Profit = 10*50/100 = 5 Cost price = 10 - 5 Cost Price = 5
A book is bought for R50 and sold for R80. What is the percentage profit?
Profit Formula Selling Price - Cost Price Profit Percentage Formula Profit Percentage = Profit/Cost Price*100 Selling Price80-Cost Price50=Profit30 30/50*100%=60%
What is the formula for profit margin?
Selling Price=Cost Price/((100-margin%)/100) e.g Cost = £100 Profit Margin needed is 40% Sell price=100/0.60 Sell Price = £166.67 So you make £66.67 when you sell it at £166.67 so the profit margin is 66.67/166.67 = 40%
Calculate selling price when cost and profit percent is geven?
it the profit on sales price be 20/100 thepercentag ofprofit on cost price is
How do you calculate cost price if we know the selling price and profit percent?
What I do is organize it as follows... Cost Price = 100% Selling Price = 100% + profit percent Then you can fill in the variables and cross multiply, for example if you know the selling price is $27 and the profit percent is 10% then you can fill it in accordingly... Cost Price = 100% $27 = 100 + 10 l l \/ Cost Price = 100% $27 = 110% Then you do ($27 x 100%) / 110 to get $24.55. That means that the Cost price is $24.55
What is the formula of percentage profit?
first determine what is the cost price(CP) and the selling price(SP). Subtract CP from SP. if the result is positive then it is a profit. now divide the profit with CP and the resul which you will get multiply it with 100.Percentage profit= (profit/CP)*100
Russell sold a camera for 275 He made a profit of 10 percent of the price he paid for it Calculate the profit he made?
Let Cost Price be C. Then Sale Price = C + (C x 10/100) = 110C/100 But Sale Price = 275 = 110C/100 : C = 275 x 100/110 = 250 The Profit is Sale Price - Cost Price = 275 - 250 = 25
What is the profit percentage if the selling price is doubled which makes the profit to triple?
100% to start with.
Formula of net profit in Excel?
The formula of net profit in MS Excel is:- =net profit(cost price+sell price/100*200*2)
If cost is 3 and sales 6 then profit is how many percent?
Profit is 100% on cost price of product.
