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[2001-05-16] How Low Can You Go?
Do you know the minimum amount that you can charge for your product without losing money? As well as being a necessary component of any business plan, this information can save you from the economic disaster that occurs when you sell your products or services for too low a price.
Essentially, the Minimum Selling Price is calculated by adding your Variable Cost per Unit to your Overhead Burden per Unit, then adding your Profit Margin per Unit.
Determine your Total Productive Time per Year.
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