Q3. A marketer wants to market a product. The unit variable cost for producing this product...
Q3. A marketer wants to market a product. The unit variable cost for producing this product is $16. The fixed cost is $400,000. The marketer expects to sell 80,000 units of the product and wants to earn a 30 percent markup on sales. How much should the markup price be for this product? (1 point, word limit: 50 words)
Homework Answers
Let the sales be X . Markup on sales =X *.30 = .30X
Total Cost per unit =Variable cost per unit + Fixed cost per unit
= 16 + (400000/ 80000)
= 16 + 5
=$ 21 per unit
Markup = selling price -variable cost per unit
.30 X =X - 21
X -.30 X = 21
.70X =21
X = 21 /.70
=$ 30 Per unit
markup price = $30 per unit
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Q3. A marketer wants to market a product. The unit variable cost
for producing this product...
A marketer wants to market a product. The unit variable cost for producing this product is...
A marketer wants to market a product. The unit variable cost for producing this product is $16. The fixed cost is $400,000. The marketer expects to sell 80,000 units of the product and wants to earn a 30 percent markup on sales. How much should the markup price be for this product?
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