QUESTION 8 of 10: Your cost to produce is $30 and you need to make a markup of 30% on an upcoming bid. A competitor placed a bid for $37. Will you be able to outbid your competitor? O a) Yes Ob) No Oc) Cant tell

From the information given, the increase in the price bid over the cost will be 39. It will be able to outbid your competitor.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

Cost on the product = $30

Amount bid = $37

Therefore, the increase will be:

30% of 30

30 /100 x 30

= 9

The cost of the upcoming bid

30 + 9

= 39

Therefore, from the calculation above, it can be seen that the increase in the price bid over the cost will be 39.

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QUESTION 8 of 10: Your cost to produce is $30 and you need to make a markup of 30% on an upcoming bid. A competitor placed a bid for $37. Will you be able to outbid your competitor? O a) Yes Ob) No Oc) Cant tell​

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What is the unitary method?

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QUESTION 8 of 10: Your cost to produce is $30 and you need to make a markup of 30% on an upcoming bid. A competitor placed a bid for $37. Will you be able to outbid your competitor? O a) Yes Ob) No Oc) Cant tell