ESB Domain 4: Business Financials Part 1

Calculate the selling price using the formula: Selling Price = (Cost * Desired Profit Margin) + Cost. Given: Cost $100, Profit Margin 20%.

• $120

• $130

• $140

• $150

Using the information above, determine the gross profit and the net income. Income = $8,000 COGS = $650 Expenses = $4,300

• Gross Profit = $7,350

• Net Income = $3,050

• Gross Profit = $7,000

• Net Income = $3,500

• Gross Profit = $7,500

How many grooming services must be sold to break-even? (Total Monthly Cost = $2,750, Average price for pet grooming service = $25)

• 110

• 100

• 120

• 130

Given the following information, calculate the Return on Investment (ROI): - Production Cost = $6.75 - Selling Price = $10 - Net Profit = $3.25 What is the ROI?

• 48.15%

• 32.50%

• 25.00%

• 60.00%