Flower Piggy Bank-Profit Analysis
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Flower Piggy Bank
| Item | Cost/Value |
|---|---|
| Material Cost | $14.40 |
| Wear and Tear Cost | $1.70 |
| Electricity Cost | $0.35 |
| Total Production Cost | $16.45 |
| Selling Price | $55.00 |
| Markup | 234.35% |
| Profit | $38.55 |
Summary
With a low total production cost of $16.45, the Flower Piggy Bank achieves a high markup and a strong profit margin. This pricing model provides substantial profitability, making it a valuable product for continued sale.
**Disclaimer:** All profit analyses provided in this document are based on calculations made in Canadian currency (CAD). It is important to highlight that the costs of materials and supplies can fluctuate significantly depending on various factors, including geographic location, market conditions, and supplier pricing. Therefore, readers are encouraged to consider their specific circumstances and local economic factors when evaluating these profit analyses.