A manufacturer produces 200 units of a product at a cost of $1,000. If the manufacturer wants to make a markup of 10 percent, the price would be ________.

Name: A manufacturer produces 200 units of a product at a cost of $1,000. If the manufacturer wants to make a markup of 10 percent, the price would be ________.
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Question

Quizplus · Accepted Answer

To find the selling price with a 10% markup, first calculate the cost per unit: $1,000 / 200 units = $5.00 per unit. Then, apply the 10% markup: $5.00 + ($5.00 * 0.10) = $5.50 per unit.

A Manufacturer Produces 200 Units of a Product at a Cost