San De Marco Company has a very unique product with no real competitors, therefore they use cost plus pricing. They mark up their cost by 78% to set selling price. The cost of their product is $87. What is the selling price of their product? Enter your answer by rounding to the nearest whole dollar. Don't enter dollar signs or commas.

San De Marco Company has a very unique product with no real competitors, therefore they use cost plus pricing. They mark up their cost by 78% to set selling price. The cost of their product is $87. What is the selling price of their product? Enter your answer by rounding to the nearest whole dollar. Don't enter dollar signs or commas.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help break it down. Thanks!
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