Variable $100,000 $ 25,000 Fixed 150,000 75,000 Total $250,000 $100,000 What is the initial selling price needed to obtain a target profit of $50,000 using the manufacturing cost markup method

$8.00

Explanation:

Details missing in question are:

These costs are for 50,000 units.

$250,000 is manufacturing cost. $100,000 is administrative cost.

The total manufacturing cost is shown to be $250,000 above.

A profit of $50,000 is needed in addition to this cost as well as the administrative cost of $100,000.

Total revenue expected is therefore:

= 250,000 + 100,000 + 50,000

= $400,000

50,000 units are to be sold so to make a revenue of $400,000, each unit should be sold for:

= 400,000 / 50,000

= $8.00

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answerconversion factor;