Asked by Rachel Bormann on Apr 24, 2024
After all discounts, the net cost of a product was $399.43. The regular retail price of the product was $495.29. Operating expenses associated with the product were $39.94. If the product was sold to actually realize a 5.40% mark-up, then determine the discounted retail price.
Operating Expenses
The costs associated with running a business's day-to-day operations, including rent, utilities, payroll, and raw materials.
Mark-up
The difference between the cost price and selling price of an item, expressed as a percentage of the cost.
Retail Price
The total cost at which a product is sold to the consumer, including overheads, profit margins, and taxes.
- Compute gain or deficit from the selling price.
- Gain insight into the relationship between operational expenses and their impact on price setting and earnings.
Learning Objectives
- Compute gain or deficit from the selling price.
- Gain insight into the relationship between operational expenses and their impact on price setting and earnings.