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10 cards from this deck
Total money needed to make a product or provide a service
Amount charged to customers when they buy a product
Raw materials, labour, utilities, equipment, overhead expenses
Shop priceAvailable quantity\frac{\text{Shop price}}{\text{Available quantity}}Available quantityShop price
Cost per unit×Quantity needed\text{Cost per unit} \times \text{Quantity needed}Cost per unit×Quantity needed
Selling price must be higher than cost price
Selling price−Cost price\text{Selling price} - \text{Cost price}Selling price−Cost price
Difference between selling price and cost price
To ensure price is competitive and appropriate
Round to two decimal places (cents)
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