/connect.html tps://n ework Probl... X , or Drop Classes omework Probiems video

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/connect.html tps://n ework Probl... X , or Drop Classes omework Probiems video Planet (vP sells a big screen TV package consisting of a 60-Inch plasma TV, a universal remote, and on-she Installation by VP staft. The Installation includes programming the remate to have the TV interface with other parts of the customers home entertainment system VP concludes that the TV, remote and installation service are separate pertormance oblgations 6o-lnch TV separately for $1,810 and sels the remote separatety for $130, and offers the entre package for $2,020. VP does not se the Instaliation service separatety. VP is aware that other simtar vendors charge $180 for the Installation service. VP aiso ectmates VP sells the that it incurs approximately $130 of compensation ans otner costs for vP start to provide the installation service. vp typicality charges 40% above cost on simmar saies. Required: 1 to 3 Caiculate the stand-aione price of the instalatlon service using each of the folloing approuches Expecied cost p ous magin

Explanation / Answer

Adjusted market assessment $180 Price chrged by competitor constitutes adjusted market assessment price Expected cost plus margin            182 (cost 130+ Margin 40% of 130) Residual $          80 (2020 - 1810 TV - 130 Remote = 80) Note: Please ask in comment for any further help, Thanks.

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