Optimal Markup: Ralph Kramden is managing partner of Kramden & Associates, Inc.,
ID: 1234828 • Letter: O
Question
Optimal Markup: Ralph Kramden is managing partner of Kramden & Associates, Inc., a New York-based management consulting firm. Kramden has asked you to complete an analysis of profit margins for Ed Norton, Inc., a client firm. Unfortunately, your predecessor on this project was abruptly transferred, leaving only sketchy information on the clients' pricing practices. A. Use the available data to complete the following table:
Price
Marginal Cost
Markup on Cost
Markup on Price
$ 1
$ 0.50
100.0%
50.0%
2
1.60
--
--
5
--
400.0
--
10
--
--
25.0
--
15.00
66.7
--
Price
Marginal Cost
Markup on Cost
Markup on Price
$ 1
$ 0.50
100.0%
50.0%
2
1.60
--
--
5
--
400.0
--
10
--
--
25.0
--
15.00
66.7
--
Explanation / Answer
I think the data provided is insufficient to the solve the problem
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.