Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If 20, 000 units are sold for $15 and they cost $3 each, along with marketing and administrative expenses of $100, 000 and $75, 000

image text in transcribed
If 20, 000 units are sold for $15 and they cost $3 each, along with marketing and administrative expenses of $100, 000 and $75, 000 respectively, what is the profit margin percent? 58% 22% 27% 22% During the month you sold 1, 100 units of your product at a price of $20 each. Each unit costs $7. Marketing expense was $7, 000 and sales commission was $2 per unit. What was the total expense for the month? $7, 700 $9, 200 $22, 000 $16, 900 The manufacturer sells your product for a price of $400, the distributor sells the product for a price of $650 and the retail merchant sells it at a MSRP of $899. What is the markup % by the distributor? 225% 72% 63% 38%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To Audit Data Analytics

Authors: AICPA

1st Edition

1945498641, 978-1945498640

More Books

Students also viewed these Accounting questions