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Criado por DANIEL OLDHAM
6 dias atrás
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Questão | Responda |
Breakeven point | Point at which seller has covered all expenses and costs and has made no profit or suffered a loss. |
Contribution margin | Selling price - variable cost. |
Cost | Price retailers pay to manufacture or supplier to bring merchandise into store. |
Dollar markdown | Selling price - reduction in price. Markdown may be stated as a percentage of the original selling price. |
Dollar markup | Selling price - cost. Difference is the amount of the markup. Markup is also expressed in percentages. |
Fixed cost | Cost that doesn't change with increase or decrease in sales. |
Gross profit | Difference between cost of bringing goods into the store and selling price of the goods. |
Margin | Difference between cost of bringing goods into store and selling price of goods. |
Markdowns | Reductions from original selling price caused by seasonal changes, special promotions, and so on. |
Markup | Amount retailers add to cost of goods to cover operating expenses and make a profit. |
Net profit (net income) | Gross profit - operating expenses. |
Operating expenses (overhead) | Regular expenses of doing business. Not directly associated with a specific department or product. These are not costs. |
Percent markup on cost | Dollar markup ÷ cost. |
Percent markup on selling price | Dollar markup ÷ selling price. |
Perishables | Goods or services with a limited life. |
Selling price | Cost + markup. |
Variable cost | Cost that changes in response to change in volume of sales. |
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