Bellingham Suit Co. has received a shipment of suits that cost $200 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit?

Respuesta :

Answer:

$320

Explanation:

The computation of the sales price per unit is shown below:

= Cost price of suits + cost price of suits × markup percentage

= $200 + $200 × 60%

= $200 + $120

= $320

By adding the markup percentage to the cost price we get the sales price per suit i.e $320

The markup percentage is computed on the cost price of suits that is shown above