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August 26, 2015 at 2:11 pm
Thanks for posting those lectures, is really helpful. I follow each pod very seriously.
Can you please help me with the exercises 1.7 of BPP practice. They give as target profit 25% of target cost. How do I know that is equal at 20% of the target price?
more info target price is $10 and current cost is $8.40 per unit.
Thanks in advance for you help
John Moffat says
August 26, 2015 at 2:25 pm
For every $100 cost, the profit will be $25 (25% x 100), and so the selling price will be $125.
So….. For every $125 selling price, the profit will be $25, which is 20% (25/125) of selling price.
August 26, 2015 at 2:49 pm
Thank you very much Sir. Understood now.
It was so quick. This website is unbelievable and priceless tools for students. Thank you again and have a nice day.
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