Concept Check

Which of the following can influence a company's pricing decisions?

Manufacturing costs.

Competitors.

Customer demand.

Pricing laws.

All of the answers are correct.

Concept Check

Close

$1$ of $3$

Musik Corporation uses a $140\%$ markup on total cost and recently computed a selling price of $$1,560$ for a particular product. On the basis of this information, the product's total cost is$.$ is:

$$650\mathrm{.}00.$

$$910\mathrm{.}00.$

$$1,114\mathrm{.}29.$

$$2,184\mathrm{.}00.$

Concept Check

Close

$1$ of $3$

Musik Corporation uses a $140\%$ markup on total cost and recently computed a selling price of $$1,560$ for a particular product. On the basis of this information, the product's total cost is$.$ is:

$$650\mathrm{.}00.$

$$910\mathrm{.}00.$

$$1,114\mathrm{.}29.$

$$2,184\mathrm{.}00.$

Concept Check

Close

$1$ of $3$

Musik Corporation uses a $140\%$ markup on total cost and recently computed a selling price of $$1,560$ for a particular product. On the basis of this information, the product's total cost is$.$ is:

$$650\mathrm{.}00.$

$$910\mathrm{.}00.$

$$1,114\mathrm{.}29.$

$$2,184\mathrm{.}00.$