How is the cost-plus price determined?

Name: How is the cost-plus price determined?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost-plus price is determined by adding a markup on top of the cost. Therefore, the correct formula is Cost + markup on cost. Option A is incorrect because it subtracts the markup instead of adding it. Option C is incorrect because it multiplies the markup to the cost instead of adding it. Option D is incorrect because it divides the cost by the markup, which doesn't make sense for determining price.

How Is the Cost-Plus Price Determined