Today is quiz time.
Quick answer this question for me; What is you ideal selling price for roses if your cost is 84 cents and your margin needs to be 70% , and your wastage is about 5%? Beep! Too slow sorry :(
Second try..Ready? what is your brake even point for next Valentines? You have your variable and fixed costs, you know you will buy 1000 roses and your selling price is $4 each rose. Do you know what your safety margin needs to be in order to protect profitability? Beep! Sorry again y...
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