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kkurt [141]
3 years ago
11

How do you calculate the profit on a product?:​

Business
1 answer:
Neko [114]3 years ago
4 0

Answer:

The gross profit on a product is computed as follows:

Sales - Cost of Goods Sold = Gross Profit.

Gross Profit / Sales = Gross Profit Margin.

(Selling Price - Cost to Produce) / Cost to Produce = Markup Percentage.

Explanation:

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Alika [10]

Answer:

A shortage can be temporary or long-term, but scarcity always exists.

Explanation:

Scarcity is a basic concept in economics which explains that human wants are unlimited and thus termed insatiable as the resources required to meet those needs are in limited supply.

As such scarcity as a concept has always been in existence and will always b. Shortage on the other hand is a limited supply of an item which may be in the short term or in the long run. While a shortage may be dealt with in time, scarcity will always be in existence.

8 0
4 years ago
A manufacturer of nickel-hydrogen batteries randomly selects 100 nickel plates for test cells, cycles them a specified number of
Aloiza [94]

Answer:

Explanation:

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3 years ago
____ resources are resources that each partner brings to the partnership that, when combined, allow for new resources or capabil
Arte-miy333 [17]

Answer:

Complementary

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Hence, the right answer is COMPLEMENTARY RESOURCES

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3 years ago
Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
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Answer:

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