A tablet computer is being designed with the following estimated costs Material costs $16.50 Labor costs 6.00 Overheads 15.00 What wholesale price needs to be charged if they want to make a gross profit of 40%?

A tablet computer is being designed with the following estimated costs Material costs $16.50 Labor costs 6.00 Overheads 15.00 What wholesale price needs to be charged if they want to make a gross profit of 40%?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A tablet computer is being designed with the following estimated costs
Material costs $16.50
Labor costs 6.00
Overheads 15.00
What wholesale price needs to be charged if they want to make a gross
profit of 40%?

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