85. A company wishes to earn a 15% profit margin on selling price when quoting for a job. Which of the following is the profit mark-up on cost to achieve the required profit margin ?
CS Executive · Cost and Management Accounting · PYQS · June 2021
85. A company wishes to earn a 15% profit margin on selling price when quoting for a job. Which of the following is the profit mark-up on cost to achieve the required profit margin ?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Pricing Decisions
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