Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. jo sets prices for her branch of vts superdrugist.

Jo sets prices for her branch of VTS Superdrugist. The VTS business model requires that...

70.2K

Verified Solution

Question

Finance

imageimage

Jo sets prices for her branch of VTS Superdrugist. The VTS business model requires that all products are sold at a 35% target margin. Today she is setting the price for the jumbo bottle of Grizzly Aspirin which VTS buys at a cost of $9.51 per bottle. Based on the pricing policy, what price ($) should Jo choose? A furniture retailer is considering two sales prices on his new sofa, which cost him $515 from the distributor. The first sales price would be calculated with a 24% margin. The second sales price would be calculated using a 24% markup on cost. After trying both methods, the retailer went with the sales price that returned the highest profit. What was that sales price

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students