Asked by gaurang narang on Jul 21, 2024
Verified
After all discounts, the net cost of a product was $690.68. The regular retail price of the product was $946.23. Operating expenses associated with the product were $124.32. If the product was sold to actually realize a 16.45% mark-up, then determine the discounted retail price.
Operating Expenses
Costs associated with the day-to-day functions of a business, excluding the cost of goods sold, including expenses like rent, utilities, and payroll.
Mark-up
The upcharge on the cost of merchandise to accommodate overhead expenses and profitability.
Retail Price
The total cost at which a product is sold to the end consumer, inclusive of all taxes, shipping, and handling fees.
- Determine financial outcome as profit or loss stemming from the commercial value.
- Understand the effect of operating expenses on pricing and profitability.
Verified Answer
MS
Learning Objectives
- Determine financial outcome as profit or loss stemming from the commercial value.
- Understand the effect of operating expenses on pricing and profitability.