Asked by
Jason Alexa
on Oct 23, 2024
Verified
Which of the following represents the cost-based pricing formula?
A) Price = cost + (mark-up % cost)
B) Price = cost + mark-up %
C) Price = mark-up % cost
D) Price = cost + (mark-up % + cost)
Cost-Based Pricing
A pricing method that determines the selling price of a product by adding a markup to its total cost.
Mark-Up Percentage
The percentage added to the cost price of goods to cover overhead and profit in the selling price.
- Execute cost-plus pricing schemes to gauge the prices of products.
Verified Answer
RJ
Learning Objectives
- Execute cost-plus pricing schemes to gauge the prices of products.
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