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I sell bottled water that costs me $1 to produce. I mark each bottle up by $2. What is my margin on price

Respuesta :

Answer:

50%

Explanation:

To calculate the margin on price, you have to find the difference between the price of the good and the cost to produce it and the result is divided by the price of the product:

Margin=(2-1)/2

Margin=1/2

Margin=0.5 → 50%

According to this, your margin on price is 50%.

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