Assume a company has a selling price of $20 and a

Question

Quizplus · Accepted Answer

It is not clear what the missing information is, so it is impossible to determine the correct answer. Assuming the missing information is either the cost of goods sold or the profit margin, Choice A) would be the best option if the cost of goods sold is $13.33 (which would result in a 33.3% profit margin). If the missing information is the profit margin, then none of the options are correct as they are all calculating different values.

Assume a Company Has a Selling Price of $20 and a