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A company sells three different products.Model A costs $8 and sells for $16,Model B costs $18 and sells for $45,and Model C costs $36 and sells for $120.
Required:
Part a.Calculate the gross profit per unit for each of the three products.
Part b.Calculate the gross profit percentage for each of the three products.
Market Share
The percentage of an industry's total sales that is earned by a particular company over a specified time period.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.
Gas Station
A facility where gasoline (petrol) and often other fuels and automotive products are sold to motorists.
Unavailability of Substitutes
A market condition where consumers have no alternative products or services to choose from, often leading to less price sensitivity.
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