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Toyota uses the margin pricing model to set the selling price for a new component. The total cost to produce the component is R 8

Toyota uses the margin pricing model to set the selling price for a new component. The total cost to produce the component is R80, and Toyota aims to achieve a profit margin of 25% on the unit selling price. According to the margin pricing formula: Unit Selling Price = Cost/(1 Margin Rate). What should Toyotas unit selling price be?
a.
R133.33
b.
R106.67
c.
R120
d.
R100

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