You plan on using cost-based pricing. The cost of your product is $10, and you are planning a 30% mark-up. What should the price
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Given:
Height of statue or liberty from the ground = 305 feet
Model is the actual size of the statue of liberty.
To find:
The height of the model of statue.
Solution:
According to the question,
Model = of the actual size
Therefore, the height of the model of statue is 3.05 feet.