0
How do you find the selling price when all you have is the number of products sold and the cost of the product?
Wiki User
∙ 15y ago
You are still missing a peice of the equation. You can find the selling price if you know either the total revenue, profit or the margin (knowing the number of products sold and the cost of the product). For example, if you sold 500 widgets and they cost $1, you still don't know what the selling price is, because it could be sold for anything (including under $1 if you've lost money).
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Is mark up based on selling price or cost?
Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.
What is the 3 P's in business and what do they mean?
the four p's are price, place, product and promotion: price is the cost they are selling it for; place is where they are sold; product is the atual item and promotion is how they sell it!
What are two external factors to be considered when setting the price for the product?
When setting the price of products organizations much consider competition. Another aspect the need to consider is the demand for their product.
If I know the selling price and the margin I want to achieve what formula is used to calculate the price I need to buy the goods at?
Margin = (Selling Price - Cost) / Selling Price
Advantages of high added value products for a firm?
The customers will get very quality product. The business can sell products for a higher price. It will help the business to overcome the competitors.
If a firm is selling in an imperfectly competitive product market?
the marginal products of sucessive workers can be sold at a constant price
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
How do you compute for the selling price of goods?
give a product a15 percent of selling price
What are the benefits about selling to customers?
Selling to customers is called retailing. The benefits of retailing are. 1.The Communication about the brand reaches to the consumer directly. 2. The price of the product is also steady to the consumers unlike in Wholesale where the price of the product changes during the demand times, Products Like, Cigarettes & Commoditity products like Sugar & Oil,
What are the disadvantages of a shoppingmalls?
The products which we get are costlier in shopping malls as the cost of maintenance of these malls are so high and they have to cover it from the product's selling price only.
What is meant by best selling laptop computers?
Best selling laptop computers are those laptop computers that have the highest number of sales. Just like with any other top selling product, consumer buys them because they are satisfied with its overall performance, durability and reliability. Most of these top selling products are at reasonable price and at maximum quality.
How do you calculate the selling price if you know the cost and gross profit percentage?
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
How is Marketing defined as?
a matching a product with its market. b promoting and selling products c facilitating satisfying exchange relationships d distributing products at the right price to stores e non of these
How do you justify your product price in chemical sales?
It depends on what you are selling?
What does the term half price mean?
The term half price may refer to the discount of selling a product. It mean that the specific is selling out at the half the price (50% off) the actual retail price of the product. For example, She had bought the book half price from the Mela.
Where can one find reviews on household products?
There are a number of price comparison websites that offer price checking and product reviews on a number of items, including household products. Sites such as money supermarket, choice and which offer this type of service.
Is advertising charges are included in the selling price?
No advertisement expenses are not included in selling price because selling expenses are not part of product cost rather these are period cost.
