Question

In: Economics

Describe "price, percent markup, forecasted profits" for iPhone 8.

Describe "price, percent markup, forecasted profits" for iPhone 8.

Solutions

Expert Solution

Price of iPhone 8 = $699

Cost of an iPhone   = $247.51

Percent markup = [(price – cost)/cost]*100

                              = [(699 – 247.51)/247.51]*100

                              = 182.41%

Forecasted profit margin percentage = [(price – cost)/price]*100

                                                                   = [(699 – 247.51)/699]*100

                                                                     = 64.59%

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

What is the percentage markup on a proposal as a percent if the fixed bid price...
What is the percentage markup on a proposal as a percent if the fixed bid price offered is 552,000 and the sum of direct cost is 480,000? The calendar day duration of a project is planned for 19 days based on a Monday through Friday work week. How many work days were available in this period if the start of the project was on the last Monday in July 2020? What is the forecasted total project cost if the reported...
What is the cumulative markup percent for this retailer?
You have the following purchases by itemItem                                  Total Retail             Total CostT-Shirts                        956                          398Caps                              456               219Scarfs                     195                  100Flags                       270                 200Mugs                             211                     100What is the cumulative markup percent for this retailer?
16) DAB manufacturing uses wholesalers and retailers—wholesalers markup was 20 percent and retailers markup of 40...
16) DAB manufacturing uses wholesalers and retailers—wholesalers markup was 20 percent and retailers markup of 40 percent. If the retail selling price is $100 and the manufacturer's cost is $30, what is the gross profit DAB receive on the sale of one unit? A) $16.00 B) $13.50 C) $15.00 D) $18.00 E) $17.25 17) Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics. He plans...
Describe how the Hypertext Markup Language (HTML) and Extensible Markup Language (XML) would be utilized in...
Describe how the Hypertext Markup Language (HTML) and Extensible Markup Language (XML) would be utilized in relation to your e-business and the related user Web interfaces. Also indicate the relationship between XML and the Extensible Business Reporting Language (XBRL). How do you envision using XBRL in relation to your e-business? Finally, what role does XML play in the Semantic Web project discussed in this module?
he​ firm's markup is the amount by which​ _______ at the equilibrium quantity. A. price exceeds...
he​ firm's markup is the amount by which​ _______ at the equilibrium quantity. A. price exceeds marginal cost B. price exceeds average total cost C. average total cost exceeds average variable cost D. marginal cost exceeds average total cost
What is the price of a 8 percent bond that matures in 10 years and has...
What is the price of a 8 percent bond that matures in 10 years and has a par value of $1,000? Assume a discount rate of 6 percent. a. $815.66 b. $1,073.60 c. $1147.20 d. $1,000
Describe the types of costs involved in the production of the Apple iphone?
Describe the types of costs involved in the production of the Apple iphone?
Describe the factors of production used to produce Apple iphone?
Describe the factors of production used to produce Apple iphone?
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000. What’s the initial markup percentage? 2. Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. 3. The cost of a product is $150, markup is 50 percent, and markdown is 30 percent. What’s the final selling price? 4....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000. What’s the initial markup percentage? 2. Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. 3. The cost of a product is $150, markup is 50 percent, and markdown is 30 percent. What’s the final selling price? 4....
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT