08-A, Cost + Margin = Selling Price

[@rajimuthukumar3230]

This sort of explanatuon would never be possible in todays online world where classes even for MBA is not explained with no writingand just talking.. Good someone has recorded it over video.

[@williamjohn3391]

Successful people don't become that way overnight, most people you see as a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life...

[@paroitymata5213]

Yes you are right

[@paroitymata5213]

Most people don't invest due to ignorance.

[@markangel8353]

People are scared of investing because of the high rate of scam in the business

[@markangel8353]

Making them to remain poor out Of ignorance

[@enkhbatnaya6801]

But of a truth they are scammers but real brokers are out there too waiting for investors.

[@noal8967]

I have no words can describe my appreciation for you. I'm 30 years old and I hate to admit that this is the first I watch a math teacher/professor who is REALLY professional. In your short video I learnt what I couldn't learn In couple months because of the unqualified teachers. You have to be proud of yourself. Your words and voice is like a song that can't be forgotten. I wish if I had a teacher like you in my early school, it would've been a lot different. THANK YOU AGAIN ONE MORE TIME. My respect!

[@saraadam3941]

i literally was on the verge of tears because i absolutely couldn't get my head around this until i found this video, sir can i just say that you have actually made my day! i have an exam tomorrow and i feel a lot better now, those kids are so lucky to have you as a teacher man

[@urbuddy7009]

you may like this even better kzbin.info/www/bejne/bn-bk6mki5h1j6s

[@rkj7935]

2023 - and pulling my hair out over this one. And then I found your video. Thank you sooooo much!!

[@ravivaidyanathan8521]

No amount of praise and appreciation would be enough!! You have explained this so beautifully, thanks, thanks and once again thanks!!!

[@tiffanywashington347]

You literally just broke it all the way down for somebody like me that's not the best at math. You took your time and didn't rush through it. Amazing!

[@intubeman1]

Thank you, every one, for your encouraging words. I am grateful to be of help to you.

[@daysiahall]

intubeman1 thanks for sharing this video! I was yelling out the answers, as I watched 😂 This was awesome!

[@chr1280]

I have a question for you. From 7:45 - 8:12 you mentioned that if you have 4 identical products that you would charge the same amount for them, even though you may have paid different amounts for each item. Wouldn't that mean that your margin would be different for each product? In this scenario, how would you handle that if you needed a 35% margin to stay in business? Great video by the way! It was very helpful!

[@cgrimmett40]

intubeman1 This video is refreshingly helpful! I’m watching in 2019 for my future business endeavor! Thank you for your teaching and style.

[@mykdigitalsignage6181]

Great Explain, thanks for help

[@novethskie]

Thank you

[@nyc-brooklyngirl8340]

OMG finally someone who gets to the point and breaks everything down. I wish you were my math teacher lol. You are wonderful thank you

[@angiel8656]

This video was extremely helpful....we just opened a business. This vid put a lot into perspective. Thank you

[@mmchmmch5152]

Hi sir, excellent teaching style that gives 1000% clarity of terms and concepts relevant to the subject. keep it up.

[@joelkarema2899]

Its really a boost to me at the moment coz am just a new entrant to the business world thus I really appreciate it.. Sir u are a Nation Builder.

[@donnadias6646]

u r true teacher, ur teaching method is so great, easy to understand.

[@whos.pokemon]

Years ago had passed and I am still going back to this vid cause I forgot how 😭 Thanks anyway for this treasure!

[@stopndrop4588]

god bless you sir you are a true teacher and not a information giver

[@m2m1992]

I really love the way you teach with so much clarity ! Super easy to understand.

[@sahaylisultana1163]

Really very understandable presentation. For near about 5 years I was struggling with measurement of Markup and Margin base. Today it is very clear to me . Thanks to the resource person. Very good job.

[@jjjtvatbp]

When I was in college, I never understood this but today, I finally understood it in less than 15-minutes... I usually do Based on Cost, now since I am in retail mode, I should be doing it Based on SP... Thank you so much...

[@kubenkain7169]

I left this to the accountants of my business because I hated this aspect. Thank you for this!

[@motherof3pearls]

Awesome, awesome, awesome! Thank you so much. You can’t begin to know my gratitude! 🙏🙏🙏🥰

[@ameensams]

At over 30 years of age, I finally find someone who explains it so clear that even an idiot would understand.

[@enormapiet373]

hooo please

[@pintotazzo]

thanks for calling me idiot

[@rosiespinaldiaz6636]

I trust ppl who write on boards...logic is hard to find. Thanks for this video !

[@riteshmahajan5209]

I just stumbled upon this video and loooook what I discovered... a concept I always wanted to understand but somehow could not grasp. .. Now I know it for sure.. Thank You

[@ancientv]

Seriously awsome... I am a young business entrepreneur. I am doing business for last 2 years. I really never kniw what is my margin exactly from products.. Now i am very clear and what price i have to fix it to get correct margin.. Thanks a lot. Teachers are always god.. You are a god... Thank you sir. Very very useful video. Sincerely An Indian

[@brughyes304]

This doesn't help me with a business but this helps with my exams.... Thanks man

[@KarlaRodriguez-ix9cq]

Very well explain! Wish my math teacher would of been like you. So active very well explain. My math teacher wouldn't get up of her chair and she seem like she wanted to get over the topic couldn't even ask a question. More teachers like you would be nice.

[@samuelkim9794]

i was confused how someone was calculating the mark-up cost, until you showed mark up based on cost vs selling price. just want to say thank you

[@RavindraRayala]

Sir, you have explained in very detail. Thank you so much.

[@nicolechavez6170]

wow! thank you, it's easier to understand everything if u know the logic behind it, I'm always so nervous about forgetting a formula but this takes care of the problem 100%.

[@jproknapp10]

Thank you so much! No matter how many videos I have watched, I did not get it. But here I GET IT! So Thanks A Million!

[@RRR-ck3qk]

Really excellent... need teacher like u. Our school life would hv been best

[@AbdiazizSaidAhmed]

Thanks alot, you are a great lecturer , I am from Somalia and I am very happy for your professional explanations. Thanks

[@victoriakokkaolsen6415]

Great perspective. I agree and am looking at this much in the same way. It is challenging, I am developing a new skill from experience. So, I am dabbling and learning from someone now, I have a "job" that pays the bills and allows me to do things I love to do. But, I tend to entertain the thoughts of changing how I make a living and spending more time trading online.

[@andrescastillo2043]

In my trading reality it is really very different. Markets don't give me what I want. “Wanting and doing are two different things” You can set targets but success is uncertain. I need help to adjust my system of trading, investing with someone proficient.

[@victoriakokkaolsen6415]

Exactly why I opted for an advisory, I have a 9 to 5 and can’t keep up with my trades. Jim oddain has been wonderful with my investment at his broker portfolio, In just two months my account has grow over 18k plus with just one referral to my name. His well known for his veteran trading experience. Get involved through wasap line 1(518) 310-7285

[@andrescastillo2043]

Wow thats a good turnout on your account, I need this performance on my account. How does it work, do we pay a monthly retainer to the trader for trading/ percentage of profits/both?

[@victoriakokkaolsen6415]

Yeah, it on an agreed percentage to get started with his portfolio trading plan, I rather trust somebody that works instead of trading on my own and losing more funds.

[@andrescastillo2043]

I am glad for your recommendation and advise, I will think about it then reach out to your guide. Thank you Victoria

[@allentian3009]

Great videos to maximize my understanding of the margin and also happy to know why margin is a more neutral and common word when describing the contributions of sales, instead of markup.

[@7911295]

thank you for a very clear explanation on how to determine selling price from a given markon/markup based on selling price.

[@greencagar1355]

Thank you whoever uploaded this knowledge.

[@brittanydixon196]

Thank you. I have been watching videos and rereading my chapter on this topic for three hours and your video was the only thing that helped me grasp this concept.

[@vannessarodriguez1844]

Finally a clear explanation! Thank you so much! This will really help with pricing my items. Well done.

[@rahafksa2000]

great well done... it helped me a lot for my new business please accept my respect and appreciation

[@jothimani2054]

Thank you Sir now I clear....!!!! now I can fix selling price my Restaurant >>> thank you so much

[@majesticallymade6177]

I feel like I want to become an accountant now this is so interesting. . .your a good teacher 👍

[@catirerubio]

After the third viewing ,it makes a lot of sense. Just take a bit to sink in. Great job. thanks.

[@wranglercjseven69]

i feel the same as the guy s comment unger mine i watched a few videos made no sense you made it so easy to understand muchas gracias amigo awsome your my math teacher now

[@rajimuthukumar3230]

Wow.. felt like i am back in my math class at school. Awesome refresher. 👌 thabk you sir.

[@TrendTrader2k24]

Respect Dear Teacher! I appreciate this work. Thanks a lot for such a presentation...

[@ghulammujtaba7853]

Very nice way to teach, it will never confuse me again, So Thanks

[@bkkthaiuk4684]

Thank you very much. Excellent teaching. Great explain , SO CLEAR. I salute.

[@elainequah5547]

Perfect Teacher, I like it , Thank you

[@manniesreactionchannel3808]

Thanks this is very informative! I'm gonna need to know this when running and operating a bar and grill...

[@Wacc1611]

Your deserve a big hug from everybody...

[@readysetsewtn]

As a retailer, my cost isn’t what I paid for the item. It is what I paid for the item to get to my store so cost plus freight,plus any other amt (maybe interest if purchased over time) so those need to be added to cost before I can calculate what I need to sell it for.

[@intubeman1]

Good observation; you are correct. The textbook for this course explained this idea, but I did not mention these things in this particular video. Thanks for thinking about things -- that practice will serve you well :->)

[@maralmehta2099]

Thank You Sir for clearing the concept of Mark-up with some practical examples. Very helpful.

[@amsabach]

the best explanation I saw so far. Thank you

[@mohinhdochoinhapkhau]

Thanks for your video. It helps me a lot.

[@nakatedaphine9701]

This has really helped us alot Thanks for the good work done

[@Muddyfoot]

Great teacher. Thank you sir

[@wasiny3529]

It' s easy to understand. That's great!!!

[@muditraj2061]

Great concept.Helped a lot in understanding the basic concept of Margin. Thanks a lot for this video.

[@CookinItaly77]

very informative video doing or starting the business, wow

[@angelalaguerre5353]

You have saved my math life. My HERO!!!!!!

[@rodrod8819]

most of the taxes are based on selling price but some businessman do markup . Very nice explanation

[@intubeman1]

Thank you all for your encouraging words. I'm happy that I can be of help :->)

[@enekepeter7976]

Great job

[@saravanabhava1]

Nice and simple explanation. it helped me a lot to understand the business. thank you so much

[@RA-rh5lb]

Wow I learned good one. Thanks

[@aimeemcelroy2130]

I really wish you were my professor! You make the problems understandable

[@Skylightatdusk]

I understand the math behind the cross-multiplication (re using $300 as 65% of the unknown sale price which is 100%). However, I still do not understand the BUSINESS reasoning behind for this approach. To say simply that it is because retailers' world (re taxes etc) is based on sale price still does not make full sense to me ... because the real margin is the $161 (which is some 54%, ie 461 - 300). It seems like mathematical gymnastics to me. Is this one standard way? Is it used as a safe way for retailers to calculate 'margins' to manage the risk of variable cost prices (like when they source 4 identical items at different cost prices)? ... What happens when another supplier offers $325? Do retailers using this method stay with the 461 knowing that it is padded? ... I thought they would have considered the competition's sale price. Happy for someone to explain. This is all new territory for me. Thanks

[@intubeman1]

Skylightatdusk, thank you for your excellent question. You are right on target regarding considering the competition's sale price. If I know that people will not pay more than $461 and I need 35% margin on selling price, then I must find a supplier who will sell me the item for $300 or less. If I can find no such supplier and I cannot lower my overhead, then I will not carry that item (or I will lose money on it).

[@Skylightatdusk]

Noted with thanks.

[@dc3811]

Very well profesor. I’d be happy to be in your class. God bless you

[@HealthQuestMexico]

Hi ..thank you for this video it is very helpful. I would like to ask you....Can you tell us more examples on the facts that make a COMPANY BASE THEIR DECISION TO SET PRICES, WHETHER IF IT IS ..Mark up based on COST and based on S.PRICE. You mentioned that manufacturers set their product prices on COST because they know the costs of production...and retailers set prices based on PRICE.....ARE THERE OTHER FACTS TO CONSIDER TO TAKE A DECISION TO SET A PRICE ON Cost or Selling Price?

[@grimreaper7610]

You deserve to be subscribed. Hats off!

[@auv461]

Thank you sir for imparting knowledge..you are a very good teacher......me from Malaysia

[@JoseRuiz-rp1mf]

Excelente explanation!!

[@SumanMalikLata]

Very impressive math teacher.

[@urguu]

Thank you so much. without any lingo, you explained so easy.

[@sopour5205]

Thank you for your clear explanation! I'm not sure when it is good to apply the mark up base on cost and when it's good to apply the mark up base on selling price, please give me the clue for that. Thank you for your time.

[@Whuuut710]

Thank you so much for this video Sir 😭 I'm an HR students and I really need to pass my business mathematics for human resources ❣️

[@carenasemerel1953]

Best maths tutor ever

[@maviealialbert1077]

I feel there is no explanation thatcis better than this... well explained...

[@ahmedalmassri2997]

Great

[@a1cswiz1611]

How does a business determine their margin percentage? You arbitrarily picked 35% based on cost and price.

[@cuy1979]

Thank youuuuu!!! I was so confused about markup and margin.... Thank you!!!

[@intubeman1]

Thanks for the clarification; I appreciate your comments.

[@MrAltun222]

Thank you so much.It was really useful.

[@kgotsomokgale5395]

I was cofused at first and I visited here I now understand thanks sir

[@jomithomas1]

great,,thanks for the superb theory ...

[@downuk]

thanks for this lesson mate!! well done

[@Aadihere893]

Awesome explanation!

[@collenmmolawa7856]

excellent 🧡

[@mushtaqhussain4261]

sir your way of explaining things is really amazing

[@syeduddinacmacgma9734]

you add Mark up to cost and get margin from sales price. Desired margin = applied markup/cost . margin= Sales Price Less cost of goods sold. if a product cost 80 and selling price =100, the margin is 25%. But if we add 20% markup on cost 80, then the selling price is $96. to convert markup to margin use this : Markup/Cost , here 20/80 =25%. Another example: say a product sold at 25% margin at $100. Then the cost is 100-25 = 75. Markup is : 25/75 =33.33% Hope this makes sense. And the book is correct where M = Markup, not Margin.

[@aberaalemureda702]

clear clarifications and it is helpful, thank you.

[@mariovasquezortiz9451]

Damm...I wish you were my teacher...

[@aalgissxxx]

somebody get that man a beer !!! maybe two

[@flyworldwide8961]

Great explanation sir.

[@divinelymentioned9061]

Wow no wonder our children, feel they don't need math or they want use it. We have to explain it like this.

[@JaspreetKaur-tw2ot]

3-2. Suppose you are told that the business process in has a negative margin. Explain what that means. Suppose the margin of some business process is a negative $1 million. If costs are reduced by $1.2 million, will the margin necessarily be positive? Explain why or why not.

[@taerankim8801]

This is so clear I finally got the concept. Thank you so much!

[@Boutit031]

Liked. Subscribed. Shared.

[@merveilmeok2416]

Awesome. Thanks sir.

[@positivesideofdark9090]

Great experience

[@lusinezivnerova2466]

wauuuu great explanation! Thank you!