The corporate manager demands that the price be set based on return on sales (RO

Question

The corporate manager demands that the price be set based on return on sales (ROS) = 20%. if the variable cost is $35 per unit for 500 units and the total fixed cost is $7500, what will the price be?

Question 28 options:

A)

B)

C)

D)

E) $56.60

If for a television set the markup at Retail is 30%, what would the markup at Cost be?

Question 30 options:

A)

B)

C)

D)

E)

A)

$74.50

B)

$78.25

C)

$68.75

D)

$62.50

E) $56.60

If for a television set the markup at Retail is 30%, what would the markup at Cost be?

Question 30 options:

A)

53.8%

B)

25.1%

C)

42.9%

D)

37.6%

E)

22.2%

Explanation / Answer

Q28: option D: 62.50

Cost per Unit : 25000/500 = 50

Thus profit required: 12.5 to arrive at 20% profit on SP; formula: {(SP-CP)/SP}X100

Question 30 ; 42.9%

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