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A company has the following unit cost for their product. Unit cost $205 A company has the following unit cost for their product. Unit cost
A company has the following unit cost for their product. Unit cost $205
A company has the following unit cost for their product. Unit cost $205 This company has been marking up their cost by 28% to arrive at their selling price. This company's market place has developed lot of competition recently. It's putting a lot of pressure on their sales volume. All of their competitors are charging a price of $239. Assume the company decides to reduce their prices to the market price. At the new price, what is their return on sales? Enter your number as a percent but without the percentage sign. Round to one decimal place. For example, if your return on sales calculation results in decimal result of .68823, then that would be entered as 68.8 as your final answer. Do not round any intermediate calculationsStep by Step Solution
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