Question

QUESTION 9 of 10: You enter a bid. Your cost on the product you make is $112 per unit. If you bid at $138 per unit, what percent is the price
you bid over your cost? (Round to the nearest percent)
a) 19%
b) 23%
C) 81%
Submit

Answer 1

From the information given, the percentage increase in the price bid over the cost will be 23%.

Cost on the product = $112.

Amount bid = $138

Therefore, the Percentage increase will be:

= (138 - 112) / 112 × 100

= 26/112 × 100

= 23%

Therefore, from the calculation above, it can be seen that the percentage increase in the price bid over the cost will be 23%.

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