Which cost-based pricing method entails adding a fixed percentage to the cost of all items in a specific product class?
A)standard markup pricing
B)cost-plus and fixed-fee pricing
C)experience curve pricing
D)demand backward pricing

Question

Quizplus · Accepted Answer

Standard markup pricing involves adding a fixed percentage (markup) to the cost of all items in a specific product class. This method is commonly used in retail pricing, where a consistent markup is added to all products within a certain category or department.

Which Cost-Based Pricing Method Entails Adding a Fixed Percentage to the Cost