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Alchen [17]
3 years ago
7

Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like

to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work
Business
1 answer:
arlik [135]3 years ago
6 0

Answer: See explanation

Explanation:

The selling price of the snack will be the addition of the cost plus the markup. This will be:

Cost per unit = $4.50

Markup percentage= 15%

Markup = Markup percentage × Cost

= 15% × $4.50

= 0.15 × $4.50

= $0.675

Then, selling price will be:

= $4.50 + $0.675

= $5.175 per unit

Profit = Selling price - Cost price

= $5.175 - $4.50

= $0.675 per unit

The profit is the markup price.

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