Planning & EstimatingCâu 536 / 700
Your total job cost is $18,000 and you want a 25 percent gross profit MARGIN on the selling price. What is the correct selling price?
a.$22,500
b.$20,250
c.$24,000
d.$23,000
Giải thích
Margin is a percentage of the selling price, not of cost. If cost is 75 percent of the price (because profit is 25 percent of the price), then price = cost / (1 - 0.25) = 18,000 / 0.75 = $24,000. Option a ($22,500) is a 25 percent MARKUP on cost, which yields only about 18.75 percent margin. Options b and d are too low. To hit a target margin, divide cost by (1 minus the margin), do not simply add the percentage to cost.
Luyện miễn phí toàn bộ 700 câu hỏi — không cần đăng ký.
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