Business Studies – Junior Cert
- Calculating the selling price
- Forms of market research
- Designing a questionnaire
- Forms of promotion
Calculating the selling price
- The selling price must be higher than the cost price in order to make a profit.
- Normally a % will be added onto the cost price
- This % will be called mark-up
- Example: the cost of producing 200,000 hoodies is €4,000,000. Mark-up is 30%. Calculate the selling price per hoody
- 4,000,000÷200,000 = 20
- 20÷100x30= 6, so...