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Profit Margin % & MSRP
Omegas Variable Cost of a watch = $2,500
If Omega doubles that cost to come up with their sell price, what is their sell price $_____?
What is Omegas Product Profit Margin% _____%?
If the Retailer then doubles price they paid for the product creating MSRP what is the MSRP $____?
What is the Retailers Product Profit Margin% _____%?
As a Senior Marketing Manager, are you concerned if the retailers sell price is well below MSRP?
Is there anything you can do about this?
Answer & Explanation
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