Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 17 Jan 2018 My Price 6.00

Exchange Company

The Exchange Company is in the process of developing a new product called LS500. The company requires a 35% profit. The LS500 current design carries with it a total cost of $125.

A. What is the sales price of the LS500 using markup costing? Round your answer to the nearest cent.

$ ______

B. Assume that the Exchange Company's marketing department has determined that consumers are willing to pay $140 for the LS500. What is the target cost for this product?

$ ______

 

A Mark up is always on sales value  
  Total Cost 125.00
  Profit 35%
  It means cost is 65%(100%-35%) of sales Value
  65% of sales Value = 125  
  Sales Value = 125/65%  
  Sales Value = 192.31  
     
B Targeted Selling price 140.00
  Profit 35%
  Targeted profit in $(140*35%) 49.00
  Targeted Cost(Targeted SP - Targeted Profit) 91.00

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Maurice Tutor
(5)
Status NEW Posted 17 Jan 2018 10:01 PM My Price 6.00

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