Question

cost price method....
if you will give correct answer I will mark u as brainliest....​or thank you please fast.......

Answer 1

Answer:

In other words, cost-based pricing can be defined as a pricing method in which a certain percentage of the total cost of production is added to the cost of the product to determine its selling price. Cost-based pricing can be of two types, namely, cost-plus pricing and markup pricing.

Step-by-step explanation:

Answer 2

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ANSWER

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How to calculate selling price of a product formula

☞Cost price = Raw Materials + Direct Labor + Allocated Manufacturing Overhead.

☞Selling price = Cost price x 1.25 SP = 50 x 1.25.

☞Gross Profit = Total Revenue – Cost of Goods Sold Gross Profit Margin = Gross Profit / Revenue.

Explanation of Cost Price Method

Explanation of Cost Price Method Under cost price method, materials issued to production, are charged out on the basis of actual cost i.e., the cost at which these have been purchased.

Hope it's helpful ☺️