Please help me with number 15. If you could provide work, that would be great.
1 answer:
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We are given that
Fixed cost=12000.00
Cost per piece=$20.00
Selling Price=$50.00
The cost equation for producing x items can be written as
where x is the number of items to be produced.
The formula to find markup amount
A new car has a sticker price of $22,150, while the invoice price paid on it was $18,780.
Original price of new car = $18,780
Sticker price of new car = 22,150
Change in price = 22,150 - 18,780 = 3370
Markup =
=
= 0.179446
Markup percentage = 0.179446 * 100 = 17.94%