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Bellingham Suit Co. has received a shipment of suits that cost 200 each. If the company uses cost-plus pricing and applies a markup percentage of

Bellingham Suit Co. has received a shipment of suits that cost 200 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit? a. 333 b. 320 c. 280 d. 500 Ans: b, LO: 2, Bloom: AP, Difficulty: Medium, Min: 2, AACSB: Analytic, AICPA FC: Decision Modeling, IMA: Decision Analysis 19. A company using cost-plus pricing has an ROI of 24%, total sales of 20,000 units and a desired ROI per unit of HK$30. What was the amount of investment? a. HK$144,000 b. HK$2,500,000 c. HK$456,000 d. HK$789,475

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