Question

who developed the concept of cost-plus pricing​

Answer 1

Answer: jain, Sudhir (2006). Explanation: The cost-plus pricing formula is calculated by adding material, labor, and overhead costs and multiplying it by (1 + the markup amount).

Answer 2

Jain, Sudhir

1. The process of a firm estimating the cost of a product to the business and afterwards putting a percent on excess of that cost to decide pricing for a product to the consumer is known as cost-plus pricing.
2. The selling cost of a good is decided by adding a particular set percentage (a "mark - up") to the company's unit cost in a cost-plus pricing strategy.