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Calculate the target markup when the unit product cost is
$32, there is revenue of
$6 per unit, and the target markup percentage is
40%.
a.)
$18.80
b.)
$12.20
e.)
$12.80
d.)
$14.20

Calculate the target markup when the unit product cost is $\$ 32$ , there is revenue of $\$ 6$ per unit, and the target markup percentage is $40 \%$ . $\newline$ a.) $\$ 18.80$ $\newline$ b.) $\$ 12.20$ $\newline$ e.) $\$ 12.80$ $\newline$ d.) $\$ 14.20$

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One-step inequalities: word problems

Full solution

Q. Calculate the target markup when the unit product cost is

\$ 32

, there is revenue of

\$ 6

per unit, and the target markup percentage is

40 \%

.

\newline

a.)

\$ 18.80

\newline

b.)

\$ 12.20

\newline

e.)

\$ 12.80

\newline

d.)

\$ 14.20

Understand Markup: Understand the concept of markup. Markup is the amount added to the cost price of goods to cover overhead and profit. The target markup can be calculated by multiplying the unit product cost by the target markup percentage.
Calculate Target Markup: Calculate the target markup in dollars. $\newline$ The target markup percentage is given as $40$ \%. To find the target markup in dollars, we multiply the unit product cost by the target markup percentage. $\newline$ Target markup = Unit product cost $\times$ Target markup percentage $\newline$ Target markup = $\$32 \times 40\%$ $\newline$ Target markup = $\$32 \times 0.40$ $\newline$ Target markup = $\$12.80$
Verify Answer: Verify the answer with the given choices. $\newline$ The calculated target markup is $\$12.80$ , which matches one of the given choices.

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