Please given correct answer general accounting If you want to sell a product that costs $4 tomake (COGS), assuming you need $6 per unit tocover overhead, and you want to make a 20%profit, how much should you price the productto your buyers?

Step 1: Define Markup and PriceIn the context of finance, the selling price of a product takes into…

Answered: If you want to sell a product that…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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If you want to sell a product that costs $4 to make (COGS), assuming you need $6 per unit to cover overhead, and you want to make a 20% profit, how much should you price the product to your buyers?