DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? O a. $1189.20 O b. $3888.68 c. $3567.59 O d. $485192.69
DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? O a. $1189.20 O b. $3888.68 c. $3567.59 O d. $485192.69
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following:
Units produced and sold 1,500
Investment $2675695
Markup percentage on full cost 9%
Rate of return on investment 18%
Variable cost per unit $1,450
Required: What was the selling price?
a. $1189.20
b. $3888.68
c. $3567.59
d. $485192.69
or](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F441c14e2-fbcc-4c56-8af5-37a5df84640a%2F6f88a99e-dcd5-4ece-9870-8e83f9392f06%2F9nl4lts_processed.jpeg&w=3840&q=75)
Transcribed Image Text:DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following:
Units produced and sold 1,500
Investment $2675695
Markup percentage on full cost 9%
Rate of return on investment 18%
Variable cost per unit $1,450
Required: What was the selling price?
a. $1189.20
b. $3888.68
c. $3567.59
d. $485192.69
or
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