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Profit and loss business watch

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    How would I calculate it for this question
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    (Original post by Lucky10)
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    The profit or loss is the difference between Cost per unit X Items sold and Selling price per unit X Items sold.
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    (Original post by Anxnymous)
    The profit or loss is the difference between Cost per unit X Items sold and Selling price per unit X Items sold.
    How would I do that then?
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    (Original post by Lucky10)
    How would I do that then?
    25,000 × 50p gives you the total cost for producing the items.

    25,000 x £6 gives you the total sales figure.

    Total sales - Total cost = Profit or loss made by the business.

    Hope this helps
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    (Original post by Anxnymous)
    25,000 × 50p gives you the total cost for producing the items.

    25,000 x £6 gives you the total sales figure.

    Total sales - Total cost = Profit or loss made by the business.

    Hope this helps
    Once I've done that I take it away right and then how will I know if it's profit or loss. Will loss Be a minus?
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    (Original post by Lucky10)
    Once I've done that I take it away right and then how will I know if it's profit or loss. Will loss Be a minus?
    Once you've done the first 2 steps, you take it away. If the sales figure is more than the Cost figure it'll be a profit. If the sales figure is less than the Cost figure it'll be a loss. The profit is whatever is left over from the sales once you have deducted the total costs.
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    (Original post by Anxnymous)
    Once you've done the first 2 steps, you take it away. If the sales figure is more than the Cost figure it'll be a profit. If the sales figure is less than the Cost figure it'll be a loss. The profit is whatever is left over from the sales once you have deducted the total costs.
    Thank you, could you help me on my other post on business.
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    (Original post by Lucky10)
    Thank you, could you help me on my other post on business.
    Yeah sure, could you send a link to the other post? As I'm new to this and can't seem to navigate my way around yet
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    This is it https://www.thestudentroom.co.uk/sho...6#post74414466


    (Original post by Anxnymous)
    Yeah sure, could you send a link to the other post? As I'm new to this and can't seem to navigate my way around yet
    Y
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    Oh it's written.. I have not studied that aspect so I won't be able to help you with it
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    (Original post by Anxnymous)
    Oh it's written.. I have not studied that aspect so I won't be able to help you with it
    Thank you anyway
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    (Original post by Anxnymous)
    Once you've done the first 2 steps, you take it away. If the sales figure is more than the Cost figure it'll be a profit. If the sales figure is less than the Cost figure it'll be a loss. The profit is whatever is left over from the sales once you have deducted the total costs.
    I got 137500 is that right
 
 
 
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