a) After determining the total product cost of P100.00 per unit, Mr. Rick the owner, decided to set mark-up of 15% on cost of his product. Determine the final retail price per unit of product. b) What is the pricing strategy used by Mr. Rick? Briefly explain this pricing strategy. c) How many units must be sold for Mr. Rick to Break-even if Fixed Cost is Php 100,000, Unit Selling Price is Php10.00 and Unit Variable cost is Php 5.00.

a) After determining the total product cost of P100.00 per unit, Mr. Rick the owner, decided to set mark-up of 15% on cost of his product. Determine the final retail price per unit of product. b) What is the pricing strategy used by Mr. Rick? Briefly explain this pricing strategy. c) How many units must be sold for Mr. Rick to Break-even if Fixed Cost is Php 100,000, Unit Selling Price is Php10.00 and Unit Variable cost is Php 5.00.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Quantity/Output Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost Marginal Cost (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 0 $50 $0 10 $50 $20 25 $50 $40 45 $50 $60 60 $50 $80 70 $50 $100
Write a topic on economies of scale, economies of scope, or learning curves.
How is circular flow good for restaurants
How Satya Nadella manage and run micorsoft?
Based on your current quatities and costs, can you still sell a hamburger for 2.00$ and make a profit?
Why do some frozen pizzas cost more than others? Think generic versus name brand. Why would a customer opt to purchase a name brand pizza over a generic brand?
show solutions
e) What impact does social media have on businesses?f) What are the characteristics of a good radio script?
Subject - account Please help me. Thankyou.
Evaluate the key marketing issues and their implications.
State the law if Diminishing Returns
Write what you know about optimum factor combination.