Cost & Selling Price

Cost Price

100

define the term profit

financial gain/ cost price is deducted from selling price/when you make more money than what you have spent

300

Is it good for a business to make a profit or a loss

profit

500

What does the Total Cost Price consist of?

Production Cost and Running Cost

Selling Price

100

what is the formula for % profit

 % profit = profit/ cost price x 100

400

can the % Profit can be more than 100%

True/yes

Profit

200

is it true that Profit margin can be more than 100%

false

500

what is the formula for Profit Margin

Profit Margin= Profit/ Selling Price x 100

Profit margin

300

What does the Production Cost consist of?

specific items/materials that are needed to make the product.

400

What is the formula Selling Price

Cost Price + Profit

%Profit

200

Define Selling Price

price for which the item is sold or supplied

500

To make the business function what do we need?

Electricity/Water/ depending on the business we have (Running Cost)