Misu Sheet, the owner of the Bedspread Shop, knows his customers will pay no more than $120 for a...
Question:
Misu Sheet, the owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu's cost?
Misu's Cost $_____
Mark up Pricing:
Mark up pricing is a method to decide the selling price of product and services. In this method a fixed percentage of the cost of the product is added to the product. The value after adding the markup is the selling price of the product.
Answer and Explanation: 1
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View this answerMark up is a method to decide the selling price of the product.
In this question, we need to calculate the cost of the product.
Selling price =...
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Pricing Cost: What Motivates Mark-up and Break-Even Pricing
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Chapter 11 / Lesson 7
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Learn about pricing cost and what motivates mark-up and break-even pricing. Explore pricing, which is one of the marketing mix 4Ps, basic pricing terminology, and pricing options, including their purpose, advantages, and disadvantages.
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