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You know that the sale price of your product is $11.49. You want to have a gross margin of 35%. What should your direct cost be?

You know that the sale price of your product is $11.49. You want to have a gross margin of 35%. What should your direct cost be?
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3 votes
You know that the sale price of your product is $11.49. You want to have a gross margin of 35%. What should your direct

cost be?

User Paul Hansen
by
8.0k points

1 Answer

4 votes

Answer: $7.47

Explanation: 65% of $11.49

User BugliL
by
8.2k points
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