The amount added to a product's cost to meet profit targets is usually expressed as a percentage of ________.
A) sales price
B) total costs
C) wholesale price
D) selling costs

Question

Quizplus · Accepted Answer

The percentage added to the product's cost to meet the profit target is usually calculated as a percentage of the sales price. This is because profit is the difference between the sales price and the cost price of the product. Therefore, the profit percentage can be calculated by dividing the profit amount by the sales price of the product.

The Amount Added to a Product's Cost to Meet Profit