Answer the following questions using the information below:
Farouk Products manufactures coffee tables. Farouk Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month:

-For long-run pricing of the coffee tables, what price will most likely be used by Farouk?
A) $134.76
B) $266.70
C) $161.70
D) $222.25

Question

Answer the following questions using the information below:
Farouk Products manufactures coffee tables. Farouk Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month:

-For long-run pricing of the coffee tables, what price will most likely be used by Farouk?
A) $134.76 
B) $266.70 
C) $161.70 
D) $222.25

Quizplus · Accepted Answer

The Answer is B

Answer the Following Questions Using the Information Below