Profit Management Tool

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Profit making is the prime motto of any business firm. For this, people use a lot of  strategies. No one ever want to be in loss or debt. There are many scientific tools and techniques available to predict the outcome of every step taken by us. One of such tool that i am going to share is Break Even Analysis.

Generally, this tool is used to find the Break even point and the Quantity for target profit.
  #1. Break Even Point : 
It is the number of items produced and sell to make no profit and no loss.
It is the red line for an enterprises below which only loss occurs.

#2. Quantity For Target Profit :
It is the number of items produced and sell to make a certain amount of profit (which is planned in terms of money).

 Here is the excel template i created for calculating Break Even Point and Quantity for Target Profit. 

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