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Range Statement
Performance Evidence
Evidence must demonstrate the candidate's consistency of performance over time.
The candidate must: alter electronic scales to show correct sales priceapply mathematical skills appropriate to the taskcalculate margins required to return gross profit targetscalculate product cost price based on invoice price and cost price based on yieldcalculate sale price to achieve required return according to enterprise targets and goalsexplain concepts of 'break even point', and 'gross' and 'net profit' marginsapply relevant workplace health and safety , regulatory and workplace requirementsidentify overhead cost per kilogrammark ticket prices to show correct sales priceuse communication skills relevant to the taskKnowledge Evidence
The candidate must demonstrate a factual, technical, procedural and theoretical knowledge of:
concepts of 'break even point', and 'gross' and 'net profit' marginsreasons for prices calculated to achieve more than or less than gross profit marginrelevant workplace health and safety, regulatory and workplace requirementselements contributing to the total cost of the product (total cost of purchase, preparing or selling product)