Pregunta
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Mystique Co. provides the following information for the new product it recently
introduced
Total unit cost
Desired ROI per unit
Target Selling price
What would be Mystique Co’s percentage markup on cost?
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Ask by Blake Lynch. in the United States
Mar 24,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

Mystique Co’s percentage markup on cost is or approximately .

Solución

To find Mystique Co’s percentage markup on cost, we can use the following formula:
Given the values:
  • Total unit cost (Cost) =
  • Target Selling price (Selling Price) =
Now, let’s calculate the percentage markup step by step:
  1. Calculate the difference between the selling price and the cost:
  2. Divide the difference by the cost:
  3. Multiply by 100 to get the percentage:
Now, let’s perform the calculations.
Calculate the value by following steps:
  • step0: Calculate:
  • step1: Subtract the numbers:

    Calculate or simplify the expression .
    Calculate the value by following steps:
  • step0: Calculate:
  • step1: Remove the parentheses:
  • step2: Subtract the numbers:
  • step3: Reduce the fraction:

    Calculate or simplify the expression .
    Calculate the value by following steps:
  • step0: Calculate:
  • step1: Reduce the fraction:
  • step2: Multiply:

    Let’s summarize the calculations:
  1. The difference between the selling price and the cost is:
  2. The ratio of the difference to the cost is:
  3. To find the percentage markup, we multiply by 100:
Thus, Mystique Co’s percentage markup on cost is or approximately .
None of the provided options match this result, but the closest interpretation is which is equivalent to .
If you need further assistance or clarification, feel free to ask!

Respondido por UpStudy AI y revisado por un tutor profesional

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Mind Expander

To calculate the percentage markup on cost, you need to find the difference between the target selling price and the total unit cost, then divide that difference by the total unit cost and multiply by 100 for the percentage.
First, we find the markup amount:
Now, calculate the percentage markup on cost:
None of the options provided equate to . Therefore, it seems this scenario might be missing the correct choices or context.
To tackle similar problems in marketing or retail, it’s crucial to always double-check your numbers. A common mistake is to confuse markup calculations with margin calculations, which can lead to pricing errors. Always clarify whether you’re asked for markup or margin to avoid assessing incorrect information to your pricing strategies!

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