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If the unit selling price is 2.50 and the unit cost is 1.00, what action is needed to maintain the gross margin percentage when unit cost increases 0.25?

If the unit selling price is 2.50 and the unit cost is 1.00, what action is needed to maintain the gross margin percentage when unit cost increases 0.25?
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If the unit selling price is 2.50 and the unit cost is 1.00, what action is needed to maintain the gross margin percentage when unit cost increases 0.25?

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User Tbjgolden
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9.1k points

1 Answer

3 votes
You need to increase the selling price more than $0.25.
They need to increase the price to $3.125 ($1.25 x $2.50)
answered
User Jaymit Gupta
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8.0k points
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