# Business and finance: What is the price if a markup of 40% on total cost is used to determine the price?

Nov 17th, 2015
DreamIt
Category:
Price: \$5 USD

Question description

A company has \$50 per unit in variable costs and \$1,200,000 per year in fixed costs. Demand is estimated to be 106,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?

(Top Tutor) Daniel C.
(997)
School: Cornell University

Studypool has helped 1,244,100 students

## Review from our student for this Answer

FratBro23
Nov 18th, 2015
"Excellent job"

1821 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors