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The Institute of Chartered Accountants of India • 8m
How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔 Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. 🚀🔥 Here’s how it helps: 1️⃣ Calculate
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Hey I am on Medial • 1y
Hey everyone, Our college is hosting a competition called PRIME where we need to create and sell an innovative product with the highest profit margin. The final round will be in the grand hall with all competitors showcasing their products. I've sea
See MoreEverything about Mar... • 1y
Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for i
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