Which of the following represents the cost-based pricing formula?

Question

Quizplus · Accepted Answer

The cost-based pricing formula is used to determine the selling price of a product or service based on its cost and the desired profit margin. The formula for cost-based pricing is Price = cost + (mark-up % × cost), where cost is the total cost of producing or acquiring the product or service, mark-up % is the desired profit margin, and Price is the selling price of the product or service. Option A is the only formula that includes all of the necessary components for cost-based pricing.

Which of the Following Represents the Cost-Based Pricing Formula