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December 2017, question 1 (iii)

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.

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March 20, 2019 at 4:40 am #509763
Roxana
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Hi. Can you please tell me how the target cost was calculated? Thank you.
March 20, 2019 at 7:22 pm #509869
Ken Garrett
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The required profit percentage is 15% of sales. There fore costs must be 85% of sales revenue.
0.85 x 2500 = 2125
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