Answer:
Standard markup pricing
Explanation:
Standard markup is a quick and easy way to find out how much you pay for your goods or services.
After calculating the actual cost of the product, the seller or business owner adds a percentage of the actual cost of the product to arrive at its selling price.
so here
Actual cost = $30
Markup = 60% of actual cost
Markup = 0.6 × $30
Markup = $18
so selling price is
selling price = $(30 + 18)
selling price = $48
<span>Personal consumption expenditures.Investment.Net exports.Government expenditure.</span>
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Answer:
The price elasticity of supply is 1.22
Explanation:
Please refer to the attached file
True. This demonstrates that buyer has confidence on buying products that are branded. She has trust that the product can satisfy her because the brand already earned a reputation in its field. It also shows that she passed scrutiny on the bought product.
