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Hello.
If it is said that $44 has been set as price and margin is 20% after allowing for all production costs), the target cost should be $44 * 0. 80?
But I just checked it as formula SP= TC + 0. 2 TC
and by substitution I have 36. 67
What’s wrong?You should ask in the Ask the Tutor Forum if you want me to answer.
Margin is the profit as a % of selling price. It is mark-up that is profit as a % of cost.
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