The total cost of 100 dresses is $1,500.00. The mark-up is estimated at 20% of the unit cost, the pr

Discussion in 'Calculator Requests' started by math_celebrity, Oct 14, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    The total cost of 100 dresses is $1,500.00. The mark-up is estimated at 20% of the unit cost, the price of a single dress using the cost-plus method will be

    The phrase unit cost means price per one unit.

    Unit cost for one dress is:
    Price of dresses / Number of dresses
    1500/100
    15
    Each dress cost $15 which is the unit cost

    Cost plus method:
    Cost plus price = Unit price + Unit price * markup
    Cost plus price = 15 + 15 * 20%
    Cost plus price = 15 + 3
    Cost plus price = $18

     

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