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2 question with the explanation plz undefined If the cost of producing a NOT floor lamp is $ 25 Cdn. and Ikea has a mark-up
2 question with the explanation plzundefined
If the cost of producing a NOT floor lamp is $ 25 Cdn. and Ikea has a mark-up policy of 30% on cost, what will the selling price be of this lamp in the Ikea retail store in Canadian dollars? The import tax can be curbed by sourcing local supplies. Suppose Ikea has found a contract manufacturer in India who is willing to make NOT floor lamp and sell it to Ikea at $ 800 per unit. This manufacturer needs to invest $ 20 million as fixed cost, and $ 600. Variable cost for each lamp to make. How many units of NOT floor lamps should this contract manufacturer make for Ikea in order to break even? (10 marks)Step by Step Solution
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