Make up a small business and:? Estimate as best you can the cost of materials, labor,

Estimate as best you can the cost of materials, labor, and overhead cost to determine the cost of goods produced or cost of services rendered. Based on your estimate cost, what would you consider a probable sales price for your product or service? Justify your answer.

Answers: lol, seem like ur homework...

but anyway, depends what the product is...

for example, a restaraunt:
u want to put together back ur expenses, plus at smallest 20% profit.

For a hotel,
ur monthly expenses + 10-20% , divided by the amount of rooms, divided by 30. (days in month)