summary:
1. The transcript discusses different methods of pricing a product, focusing on a method that calculates the cost of manufacturing the product and adds a factor of three to determine the final price.
2. It explains that the cost of manufacturing the product is calculated by adding up the prices of the ingredients or components used to make it.
3. The value of the product is determined by dividing the cost of the product by the number of units produced, and then combining it with the cost to calculate the total cost of the product.
4. The final price of the product is obtained by multiplying the total cost by three, which is a globally adopted factor representing the price of the manufacturer's effort in producing the product.
5. To calculate the profit from selling the product, the final price is subtracted from the total cost, resulting in the profit obtained from selling the product.
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