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| Description | Qty | Rate | Amount |
|---|---|---|---|
| Web Development Services | 1 | $500.00 | $500.00 |
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This tool helps you make data-driven decisions. Simply enter your specific details above, and the calculator will provide instant results.
Understanding your numbers is crucial for financial health. Accuracy saves money and helps in better planning.
Calculate desired annual income, add 30-40% for business expenses, taxes, and benefits, then divide by billable hours (typically 1,200-1,500 hours/year). Add a buffer for unpaid work, sick days, and vacations.
Break-even is when total revenue equals total costs (fixed + variable). It's calculated as: Fixed Costs / (Selling Price per Unit - Variable Cost per Unit). Beyond this point, each sale generates profit.
Gross profit margin = (Revenue - Cost of Goods Sold) / Revenue × 100. Net profit margin = (Net Profit / Revenue) × 100. A healthy margin varies by industry: retail (2-5%), software (15-25%), services (10-20%).
GST rates are 5%, 12%, 18%, or 28% depending on goods/services. Most services are 18%. Essentials like food items are 5-12%. Luxury items and sin goods are 28%. Check HSN code for specific rates.