TLE: Calculating cost of production

• MARK-UP - is the amount added to the price cost. It can also be stated as a permanent amount or as percentage of the total cost.
• SELLING PRICE - is the price at which a product or service is sold.
• PURCHASE COST - is the price a buyer pays for the food bought
• YIELD - is the amount of usable product after it has been processed.
• TOTALl COST - is the total cost of food production.