Jos Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse for ($ 245)
Question:
José Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse for \(\$ 245\) each. José believes he can produce a birdhouse for a total cost of \(\$ 200\) per unit, and he plans a \(25 \%\) markup on total cost.
(a) Compute José's planned selling price.
(b) Is José's price lower than competitors' price?
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a To compute Joss planned selling price we first need to determine the am...View the full answer
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