If the unit cost price of a product is #90 and sold at a profit margin of 50%, what is the selling price?
Question 1 Report
If the unit cost price of a product is #90 and sold at a profit margin of 50%, what is the selling price?
Answer Details
To calculate the selling price of a product, you need to add the profit margin to the unit cost price.
The profit margin is given as 50%, which means the profit is 50% of the unit cost price. To calculate the profit, you can multiply the unit cost price by the profit margin as a decimal:
Profit = Unit Cost Price x Profit Margin
Profit = #90 x 0.5
Profit = #45
So the profit is #45.
To get the selling price, you can add the profit to the unit cost price:
Selling Price = Unit Cost Price + Profit
Selling Price = #90 + #45
Selling Price = #135
Therefore, the selling price of the product is #135, which is option C.
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