The price of each product to provide a profit of 15 percent of the price will be $1.6
Given,Cost = $0.84 to manufacture
Cost = $0.52 to market
To get 15% of the price let the selling price be x
So,50000*(y-(0.84+0.52) ) = 50000*(.15)*y
y-1.36 = 0.15y
0.85y = 1.36
y = 1.36/0.85 = $1.6
Answer is $1.6
For businesses, profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales. A business owner will either apportion profits or reinvest them back into their company.
There are four levels of profit or profit margins: gross profit, operating profit, pre-tax profit, and net profit.
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