Business, 30.08.2020 14:01 jevonewilliams3106

I sell bottled water that costs me $1 to produce. I mark each bottle up by $2. What is my margin on price

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Answer from: emilysmith20044

50%

Explanation:

To calculate the margin on price, you have to find the difference between the price of the good and the cost to produce it and the result is divided by the price of the product:

Margin=(2-1)/2

Margin=1/2

Margin=0.5 → 50%

According to this, your margin on price is 50%.

Answer from: Quest

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Answer from: Quest

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I sell bottled water that costs me $1 to produce. I mark each bottle up by $2. What is my margin on...

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