I need help to figure out the net profit of $1000. Thank you.
Posted: Thu Apr 28, 2022 2:44 pm
I need help to figure out the net profit of $1000. Thank
you.
The Importance of a Retail Strategy Mission Goals Net Profit of at least $1000 Gross Margin of at least 30% $-171.70 35% 2 turns remaining to complete this challenge.
Pricing Set Unit Price Unit Price: $58.00 confirm changes discard changes price Costs and Margins Production Cost per Unit: Margin per Unit: Position Map Competitive positioning on price and one product benefit $24.00 $34.00 capacity 10 0 comfort 6 durability waterproof 4 Distributor Profit Margins Direct: Department Store: High End Outdoor: University Store: Online Discount Retailer: og $34.00 $7.90 $17.76 $16.60 $10.80 2 eco-friendliness 0 20 40 60 80 100 120 140 160 180 200 Price SnowSport Prime Apparel KevGear Troy Taylor Alpine High EastWest II
segments backpack competitors channels advertising price hq Turn 2 Pep Talk There is quite a bit of feedback on your customers and what is happening in the market for you to review. To view the feedback, click on the SEGMENTS, COMPETITORS and HQ tabs. Each tab provides a variety of important metrics on your performance. Michelle A Michelle department direct fashion How close were you on your NET PROFIT and GROSS MARGIN goals? You will likely need to bump up your price somewhat. The design is near- perfect so your production costs should account for much less than half your retail price, even if this means you are well above the average price for this segment. online outdoor retail university summary profile sales promotions Department Store Mid-level chain of stores containing clothing, apparel, accessories and more Total Customer Reach: 7.255 52.20 58.00 26.10 (45) U 奉 Per-unit values for selling in this channel Retail Price: Your MSRP: Distributor Cut: : Production Cost: Promotion Cost: Profit Margin: Cancel Distribution 24.00 890 528 2,402 837 Go back to the CHANNELS tab to see if the price change has at all impacted your CHANNEL options. Make any other changes you see fit, click FINISH and then END TURN to review your choices. If you are happy, click YES - END TURN to see how you did. 2,598 0.00 7.90 Michelle Accepted Price Range 15.00 - 130.00
Sales and financial results Tor the latest quarter Income 1st Quarter, 2022 Total Sales: 200 MSRP: 58.00 Total Revenue: 7,328.30 Cost of goods sold: 4,800.00 Gross profit: 2,528.30 Gross margin: 34% Variable Expenses Marketing Costs: 2,700.00 Distribution Costs: 0.00 Total Variable Expenses: 2,700.00 Net Profit: -171.70 Contribution Margin: 12.64 Overall Market Share: 28% Bank Balance: 9,828.30
you.
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Pricing Set Unit Price Unit Price: $58.00 confirm changes discard changes price Costs and Margins Production Cost per Unit: Margin per Unit: Position Map Competitive positioning on price and one product benefit $24.00 $34.00 capacity 10 0 comfort 6 durability waterproof 4 Distributor Profit Margins Direct: Department Store: High End Outdoor: University Store: Online Discount Retailer: og $34.00 $7.90 $17.76 $16.60 $10.80 2 eco-friendliness 0 20 40 60 80 100 120 140 160 180 200 Price SnowSport Prime Apparel KevGear Troy Taylor Alpine High EastWest II
segments backpack competitors channels advertising price hq Turn 2 Pep Talk There is quite a bit of feedback on your customers and what is happening in the market for you to review. To view the feedback, click on the SEGMENTS, COMPETITORS and HQ tabs. Each tab provides a variety of important metrics on your performance. Michelle A Michelle department direct fashion How close were you on your NET PROFIT and GROSS MARGIN goals? You will likely need to bump up your price somewhat. The design is near- perfect so your production costs should account for much less than half your retail price, even if this means you are well above the average price for this segment. online outdoor retail university summary profile sales promotions Department Store Mid-level chain of stores containing clothing, apparel, accessories and more Total Customer Reach: 7.255 52.20 58.00 26.10 (45) U 奉 Per-unit values for selling in this channel Retail Price: Your MSRP: Distributor Cut: : Production Cost: Promotion Cost: Profit Margin: Cancel Distribution 24.00 890 528 2,402 837 Go back to the CHANNELS tab to see if the price change has at all impacted your CHANNEL options. Make any other changes you see fit, click FINISH and then END TURN to review your choices. If you are happy, click YES - END TURN to see how you did. 2,598 0.00 7.90 Michelle Accepted Price Range 15.00 - 130.00
Sales and financial results Tor the latest quarter Income 1st Quarter, 2022 Total Sales: 200 MSRP: 58.00 Total Revenue: 7,328.30 Cost of goods sold: 4,800.00 Gross profit: 2,528.30 Gross margin: 34% Variable Expenses Marketing Costs: 2,700.00 Distribution Costs: 0.00 Total Variable Expenses: 2,700.00 Net Profit: -171.70 Contribution Margin: 12.64 Overall Market Share: 28% Bank Balance: 9,828.30