A product's total manufacturing costs typically constitute what proportion of the product's selling price:
A)10%
B)20%
C)40%
D)60%
E)80%

Question

Quizplus · Accepted Answer

The proportion of a product's total manufacturing costs to its selling price can vary widely across different industries and products. However, a common benchmark is around 40%, although this is a rough average and actual figures can be higher or lower depending on the specific business model, industry, and product.

A Product's Total Manufacturing Costs Typically Constitute What Proportion of the Product's