# Lab Assignment

The following table is completed using following conditions:

Tax paid = Tax rate % of (Raw materials +Labor costs)
Total Production cost =Raw materials +labor cost+ tax paid
Outcome = Selling price-Total production cost
Find the profit loss using following conditions :
1.If outcome <0 then Loss
2.If outcome=0 then None
3.If outcome>0 then Profit

Raw
Materials
(\$)

Labor
Cost (\$)

Tax Rate
(%)

Tax Paid
(\$)

Total
Production
Cost (\$)

Selling
Price (\$)

Outcome (\$)

Profit/Loss

1st year

1500

500

0

0.00

2,000.00

3050

1,050.00

Profit

2nd year

2500

750

5

162.50

3,412.50

5000

1,587.50

Profit

3 year

3000

1000

20

800.00

4,800.00

5500

700.00

Profit

4th year

4000

1500

50

2,750.00

8,250.00

8000

-250.00

Loss

rd

44 \$ 82.19 \$ 93.513.00 \$ 750.513.00 \$ 55.583.00 \$ 750.20 \$ 32.750.00 \$ 550.75 \$ 115.50 \$ 32.00 Electricity \$ 55.00 \$ 1.500.00 \$ 15.100.00 \$ 1.00 \$ 555.00 Cleaning \$ 55.75 \$ 115.00 \$ 1.25 \$ 91.100.75 Insurance \$ 50.Lab Assignment Answer of the Question 2 Estimated Monthly Cost (Given)= \$4500.75 \$ 115.608.62 \$ Profit/Loss Analysis Profit Profit Profit Profit Profit 2.75 \$ 33.00 \$ 55.00 \$ 44.20 \$ 33.44 \$ 3.402.00 \$ 1.40 .04 \$ 2.00 \$ 1.62 Phone \$ 89.00 \$ 55.00 \$ 15.500.00 6 Month cost = \$27.10 \$ 33.000.00 \$ 15.00 \$ 55.61 \$ 2.66 \$ 89.000.47 Water \$ 33.588.00 \$ 750.00 Supplies \$ 115.08 \$ Profit Profit 15.500.66 \$ 75.24 Grand Total (6 Months) Total \$ 1.500.00 \$ 33.75 \$ 115.00 January February March April May June Rent \$ 1.75 \$ 115.61 \$ 2.00 \$ 1.00 Estimated Yearly Cost = \$54.00 \$ 15.00 \$ 55.595.22 \$ 45.40 \$ 35.00 Internet Access \$ 15.00 \$ 15.