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
of your product be?
1 answer:
Answer:
Selling price= $13
Step-by-step explanation:
Giving the following information:
The cost of your product is $10, and you are planning a 30% mark-up.
<u>The price of the product is calculated by adding to the manufacturing costs a predetermined percentage.</u>
Selling price= 10*1.3
Selling price= $13
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