Replacement Chess Pieces-Profit Analysis
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Replacement Chess Pieces
| Item | Amount |
|---|---|
| Production Time | 14 minutes |
| Material Cost | $2.24 |
| Wear and Tear | $0.70 |
| Electrical Cost | $0.28 |
| Total Cost | $3.22 |
| Selling Price | $25.00 |
| Markup Total | 673% |
| Profit Total | $21.78 |
Summary:
- The total production cost of the replacement chess pieces is $3.22.
- The selling price is $25.00.
- This results in a profit of $21.78.
- The replacement chess pieces achieve a markup of 673%, indicating strong profitability.
**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.