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The Institute of Chartered Accountants of Indiaย โขย 7m
How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet ๐ค Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. ๐๐ฅ Hereโs how it helps: 1๏ธโฃ Calculate Product Cost First, prepare your cost sheet with all components: โ ๏ธ Direct Costs: Raw material, labour, direct expenses โ ๏ธ Indirect Costs: Factory overheads, admin, selling & distribution Then use this formula: Cost per Unit = Total Cost / Number of Units Produced 2๏ธโฃ Decide Your Profit Once you know the cost per unit, set your desired profit margin: Profit = Cost per Unit ร Desired % Example: If your cost is โน100 and you want a 20% profit, Profit = โน100 ร 20% = โน20 3๏ธโฃ Set the Selling Price Now just add the profit to the cost: Selling Price = Cost per Unit + Profit โน100 (cost) + โน20 (profit) = โน120 Selling Price 4๏ธโฃ why It Matters? You never underprice and lose money You never overprice and lose customers You make decisions based on numbers, not guesses

Data Analytics | ๐๏ฟฝ...ย โขย 1y
Imporant metric for Start-ups - Break Even Units Suppose we are a shoe brand and we want to calculate our units to be sold for break even (No profit No Loss) Fixed Cost - 4,00,000 Selling Price per Unit - 1200 Variable Cost per Unit - 800 Contributi
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Director & CEO @ Exc...ย โขย 7m
Mastering Unit Economics Unit economics isnโt just a metricโitโs your startupโs financial DNA. It reveals whether each customer adds value or drains cash. Hereโs how to build your unit economics from scratch: 1. Define Your Economic Unit What drives
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YouTubeย โขย 1y
The ABCs of Entrepreneurship and Business As an entrepreneur or business professional, it's important to have a solid understanding of key terms and concepts. Here are some essential terms you should know: 1. Profit Margin: - Formula: Profit Margi
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Head Collection and ...ย โขย 10m
I have a plan to set up a bike spare part distributorship in the Thane region due to the large area, coverage The profit margin is approx 60-70% per month in a span six month set up. Looking for someone who can finance 15-20 lacs at Royalty of 10%
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Sabse phle waisa location dekhe Jo hospital ke bahar ya koi park ke jagah normal sa fruit business and stall momos pav bhaji Then turn over open 2 stall only Then 200plate X2 =400 plate Per plate 50 rs investment 20 rs profit per plate 30 rs Then
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