Your business is off to a good start and you are ready to sell some goods. You must decide on your pricing strategy.

Product - COLLAPSIBLE BULK CONTAINERS,

Selling Price From Competitor - $395 Each.

Find Mark up price - For example, search the average markup on lawnmowers. State what percentage you found. Use that markup percentage to calculate the cost and dollar markup of the item. Show all calculations.

are you satisfied with the markup? what markup strategy you intend to use. Will you stick with the average industry markup or go with something else? Will you calculate all your markups by hand or use a different strategy to calculate?