Carwell has introduced a new product with a target price of $150 and a target cost of $90. What is the target percentage margin on sales?
A) 20%
B) 33.3%
C) 40%
D) 50%

Name: Carwell has introduced a new product with a target price of $150 and a target cost of $90. What is the target percentage margin on sales? A) 20% B) 33.3% C) 40% D) 50%
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The target percentage margin on sales is calculated as (Target Price - Target Cost) / Target Price. So, ($150 - $90) / $150 = $60 / $150 = 0.4 or 40%.

Carwell Has Introduced a New Product with a Target Price