Question

The practice of setting price by increasing the marginal cost of production by some percentage is referred to as: Group of answer choices mark-up pricing percentage pricing rate-of-return pricing average cost pricing

Answer 1

markup pricing.

Step-by-step explanation:

Markup pricing can be regarded as cost-plus pricing which is pricing strategy that involves addition of cost of the products as well as percentage of the cost of product as a markup to calculate the price of a product/service.the company decides

percentage or markup . It should be noted that The practice of setting price by increasing the marginal cost of production by some percentage is referred to markup pricing.