Question

You plan on using cost based pricing. The cost of your product is 10, and you are planning a 30% mark up. What should the price of your product be?

Answer 1

Selling price= $13

Step-by-step explanation:

Giving the following information:

The cost of your product is $10, and you are planning a 30% mark-up.

The price of the product is calculated by adding to the manufacturing costs a predetermined percentage.

Selling price= 10*1.3

Selling price= $13

Hope this helps :)