I am still trying to figure out the economics of the game. I am selling shoes. I have a plantation and a textile factory. I have been offered to sell 998 shoes at a price of 350 each. I believe that I am making some money on these, but I want to be sure. Noone else has shoes for sale, so it is hard to compare.
My example If I produce 250 shoes would I be correct in the following scenerio... Let me assume I buy all products at market instead of producing them cheaper myself
I would need
250 textiles that sell at 1.55 each cost 38750
125 leather that sell at 1.45 each cost 18125
75000 power that sell at .06 each cost 4500
Then I have product cost at 3750
I show I have 64125 in cost divided by 250 units or 256.50 each is this correct?
What would be a fair mark up? I have been offered 350 per unit for 998 units. My plant can make 250 in 20 hours with two people.
At what point should I
A) add another person
B) expand building
C) add another building
Keep in mind I am the only one on market selling glovs. So, I want to be profitable. However, I would think that I would be able to sell at a little higher price since the competition level is slow at the moment.
Should I send a contract? How would you word the contract? When a person is buying gloves, what are they doing with them? Do they sell at a market or do the use them for something else?
Thanks for everyones help
KEVIN[[/b]
URGENT Am I getting fair market or am I losing money?
Moderator: moderators
Re: URGENT Am I getting fair market or am I losing money?
I have Textile store, where I can sell shoes, but I just checket prices under button Stats:Gr8ferme wrote:... I have been offered to sell 998 shoes at a price of 350 each. ...
Article Amount Price Quality
France: Shoes 1 119.74