Walter White is a pharmaceutical distributor. Walter takes a cost-based approach to pricing his products by tripling his price for each of his products. For example, products that Walter imports from Mexico for $2, he sells for $6. What is Walter's margin percentage?

Question

Quizplus · Accepted Answer

The margin percentage is calculated as (Selling Price - Cost Price) / Selling Price. For Walter, if he buys at $2 and sells at $6, his margin is ($6 - $2) / $6 = $4 / $6 = 2/3 = 67%.

Walter White Is a Pharmaceutical Distributor