Cost of Sale=(Sale Price £) - (all outgoing or incurred business expenses)
(Sale Price £50) - (all outgoings £20) = £30
This figure is also your profit.
To work out the added value
(Sales Price) - (All outgoings) / (Sales Price) = Added Value or Profit Margin
Be sure to visit www.explorethecity.co.uk in April 2010
(Sale Price £50) - (all outgoings £20) = £30
This figure is also your profit.
To work out the added value
(Sales Price) - (All outgoings) / (Sales Price) = Added Value or Profit Margin
Be sure to visit www.explorethecity.co.uk in April 2010