Cost Plus Pricing (PRICE)

[@43dl3ntil]

Looking sharp today sir

[@MinhAnh-gi1em]

why we times 1.5 because markup is 50%. Can you explain more?

[@Bizconsesh]

I have included original price in that. So to be precise it’s £10 + (£10 x 0,5) = £15.

[@najmafoodie3184]

@@Bizconseshi’m still confused

[@kanchanarajinavaseekaran6378]

1.5 is 150 percent, so it is increasing by half

[@aayupyakuryal5715]

⁠@@najmafoodie3184just calculate 50% of total cost of a single product and add it to the same total cost as a mark up as the question says that 50% of total cost is added as a markup to the total cost.

[@ikaran122]

Edexel doesn’t have 5 marker on a level? Is this beneficial to watch for my upcoming exam?

[@vamanshetgaonkar5282]

Superb explanation 😮😄

[@Bizconsesh]

Thanks! Glad it’s helping.

[@pooyazargari9753]

Sir, you are a monster in the marketing section :) MANY THANKS!

[@commercelearning1500]

short note on - collective price fixing

[@deepikapandey7812]

Nice explained😊

[@mustafaatacagatay5794]

why are you not my business teacher

[@aaryandasgupta8929]

Couldn't the business do research beforehand and then adjust their mark up accordingly in a competitive setting, since cost operating costs and such would remain roughly the same industry wide.