Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month:
For long-run pricing of the coffee tables, what price will most likely be used by Grounded Coffee?
A) $64.75
B) $103.00
C) $167.75
D) $201.30
Correct Answer:
Verified
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