Cost-plus pricing system, Harris Company produces a product

Cost-plus pricing system

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Harris Company produces a product whose cost is $10. Assuming the company uses a cost-plus pricing system, what profit would be earned on a selling price set to earn a profit margin of 20% of cost?

Reference no: EM13777474

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Cost-plus pricing system : Harris Company produces a product whose cost is $10. Assuming the company uses a cost-plus pricing system, what profit would be earned on a selling price set to earn a profit margin of 20% of cost?

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