Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

James Johns is the owner of a technology company that specializes in manufacturing computers and portable printers as well as in providing tech supports

James Johns is the owner of a technology company that specializes in manufacturing computers and portable printers as well as in providing tech supports to individuals and businesses. Earlier today, he received a phone call from a local College which he attended about 12 years ago, which gave him today an order for 25 computers and 35 portable printers. The College also engaged him to install the computers and provide the required training to the staff and senior students. The cost per computer is 750$ and the cost per portable printer is 175$. The cost of installations to run all the computers and printers is 3,500$. As James Johns is a smart business owner, he wants to earn a 45% mark up on the entire order he received earlier today. Requirement How much would James John charge for the whole order and what would be the Gross Profit Margin of the entire order he received from his beloved College?

Step by Step Solution

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Computation of Cost Particulars Qty Cost per unit Total Cost in Computers 25 75... 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_2

Step: 3

blur-text-image_3

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

Operations management processes and supply chain

Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra

9th edition

9788131728840, 136065767, 8131728846, 978-0136065760

More Books

Students also viewed these Accounting questions

Question

recognize unresolved and critical issues regarding job crafting;

Answered: 1 week ago