Marketing Pricing Flashcards by tessa greenwood

Q

How to calculate total costs on a graph

A

(units x variable cost) + Fixed cost

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Q

How to calculate BEP

A

Fixed cost / (selling price x variable cost)

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Q

How to calculate total revenue on a graph

A

Units x selling price

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Q

How to calculate BEP price

A

BEP x selling price

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Q

How do you calculate markup percent based on cost

A

(Markup / cost) x 100

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Q

How do you calculate markup percent based on selling

A

(Markup / selling) x 100

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Q

How do you calculate TR

A

Unit price x quantity of products sold (P x Q)

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Q

How do you calculate TC

A

Fixed Costs + Variable costs (FC + VC)

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Q

How do you calculate retail stock turnover

A

Sales / Average inventory

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Q

How do you calculate cost stock turnover

A

Cost of goods sold / Average inventory

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Q

how do you calculate TR

A

Price x Market demand (Q)

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Q

How do you calculate FC

A

TC - VC (normally all the same though)

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Q

How do you calculate VC

A

Market demand x VC

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Q

How do you calculate TC

A

FC + VC

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