accounting problem: target gross profit percentage?

Posted: 08-07-2010 | Author: admin | Category: Homework Help


If a firm seeks a 60% gross profit percentage, and the total unit cost of finished goods manufactured is $80, what is the Unit Sales Price required?
I got $128 and it was marked incorrect. Any help would be appreciated! Thanks!

Category: Homework Help by admin

One Response to “accounting problem: target gross profit percentage?”

  1. little_miss_chatterbox, on July 11th, 2010 at 6:30 am Said:

    160% of $80 is $128. You are definitely right

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