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Question 1: A company has calculated its marginal cost of production for its bestselling product as $50 per unit and its full cost of production as $85 per unit. which 2 of the following statements are true?
1). if the company uses a mark-up of 20% of full cost the selling price would be $106.25 per unit.
2). if the company uses a margin on sales of 25% the selling price would be $113.33 per unit.
3). if the company uses a mark-up on marginal cost of 120% the selling price will be $110 per unit.
4). if the company requires a margin on sales of 20% the profit will be $17.00 per unit
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