151k views
3 votes
assume that the unit cost of making a product is $1.32. For every unit sold, the firm wants 20% to represent profit. Applying the standard markup approach, what should the selling price be?

User Adpalumbo
by
7.5k points

1 Answer

2 votes

Answer:

$1.26

Explanation:

all you have to do is add 32+20=26 then bring down 1

User ChipJust
by
8.4k points

No related questions found