Suppose you mix X kg of sugar at Rs9 per kg.
Total amount of sugar = X + 27 kg
Total cost = 9*X + 7*27 = 9X + 189
Selling price should be 10% more than the Total cost (above)
that is Total sales = 1.1*(9X + 189) = 9.9X + 207.9
But Total sales also = 9.24 * (X + 27) = 9.24X + 249.48
Taking the difference between the two equations for Total sales,
0.66X - 41.58 = 0
So that X = 41.58/0.66 = 63 kilograms.
Treble (not double) the cost. Mark up is the increase ADDED to the cost. So, to an item costing 10 currency units, you need to ADD 200% of that - or 20 currency units. That makes the selling price 30 units.
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
Equal
Selling for double what you paid for it.
Multiply by 1.75
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
Target Costing: It is the costing process in which company tries to reduces all costs of product to limit the selling price at specific targeted selling price. Cost Plus pricing: It is pricing method in which company uses all costs plus certain percentage of that cost as a profit margin to set selling price.
Period Costs.
Period Costs.
Treble (not double) the cost. Mark up is the increase ADDED to the cost. So, to an item costing 10 currency units, you need to ADD 200% of that - or 20 currency units. That makes the selling price 30 units.
No. They are not.they are part of period costs.
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
find the selling price of an item listed at $400 subject to a discounted series 25 percent 10 percent and 5 percent
give a product a15 percent of selling price
(Selling Price - Cost price)/Selling Price * 100
Equal
Selling for double what you paid for it.