Business Studies, asked by nahartajmun4420, 5 months ago

what is the formula of pricing in marketing?

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Answered by ishikasingh43

Answer:

Cost-Based Pricing

One of the most simple ways to price your product is called cost-plus pricing. Cost-based pricing involves calculating the total costs it takes to make your product, then adding a percentage markup to determine the final price. ... Material costs = $20. Labor costs = $10.

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