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ryzh [129]
3 years ago
7

Sheridan Company has received a shipment of suits that cost $140 each. If the company uses cost-plus pricing and applies a marku

p percentage of 60%, what is the sales price per suit?
A. $417.
B. $400.
C. $350.
D. $625 .
Business
1 answer:
timama [110]3 years ago
5 0

Answer:

Selling price= $224

Explanation:

Giving the following information:

Unitary purchase cost= $140

Mark-up percentage= 60%

<u>To calculate the selling price per unit, we need to use the following formula:</u>

Selling price= unitary cost*(1 + mark-up)

Selling price= 140*1.6

Selling price= $224

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Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Poodle of $146,160.
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