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In Chapter3 Lifecycle costing example1,
The company wishes to achieve a mark up of 50% on cost.In the calculation, teacher calculated total selling price first. It is 525,000. Then use 50%multiplied by 525,000. Cost is 262,500. Is it right?
In my opinion, I would like to calculate cost 525,000*1/(1+50%)=350,000
I am looking forward to an answer. Thank you!
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