From ₹1 Lakh to ₹1 Crore+ Turnover | Module 6: Profit Calculation Before Bidding
Overview
This module covers calculating a realistic ceiling bid price by factoring in transportation, taxes, weighment losses and expected resale value before placing a bid, rather than bidding on instinct or competitive pressure.
Topics Covered
- Components of landed cost: transport, loading, GST, weighment shortfall
- Setting a maximum bid ceiling before an auction opens
- Factoring in resale and market price volatility
- Basic break-even calculation for an auction lot
- Avoiding the trap of bidding to simply 'win'
Who this is for: Auction participants who want a repeatable method for pricing a bid before the auction starts.
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