When Using Markup Pricing,which of the Following Formulas Determines the Selling

question 19

Multiple Choice

When using markup pricing,which of the following formulas determines the selling price?

• A) Price = Average unit cost divided by Markup percentage
• B) Price = Average unit cost divided by 1 minus Markup percentage
• C) Price = Unit cost minus Markup price
• D) Price = Total fixed costs divided by Unit price minus Unit variable cost

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