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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 R and Toyota aims to achieve a profit margin of on the unit selling price. According to the margin pricing formula: Unit Selling Price Cost Margin Rate What should Toyotas unit selling price be
a
R
b
R
c
R
d
R
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