Burke and Harpur are solicitors who have recently set up in partnership together and are working hard to establish themselves in a town that already has several solicitors. Both have a charge out rate per hour of £65. They are preparing a bill for Mrs Henrietta Higgs, for whom they have recently drafted a will. The bill contains the following items:

Fees for time: 43 hours @ £65 Taxation specialist's charges for advice Other sundry charges Total

£

2 795 650 240 3 685

20.8 Discuss the key factors that would arise in determining selling prices for: a garden centre a small grocery store that is open for 24 hours.
20.9A Discuss the key factors that would arise in determining selling prices for:
a plumber (sole trader) a biscuit manufacturer.