Assume it costs Lady Marion Seafood, Inc., $30 to catch, process, freeze, package, and ship five-pound packages of Alaskan salmon. The firm adds 60 percent to the cost of its salmon products and charges customers a total of $48 for a postage-paid vacuum-sealed package. What type of pricing does Lady Marion Seafood use to arrive at its final price?

Question

Quizplus · Accepted Answer

Lady Marion Seafood uses standard markup pricing by adding 60% to the cost of salmon products to arrive at the final price of $48.

Assume It Costs Lady Marion Seafood, Inc