Flint Company produces a product whose cost is $12. Assuming the company uses a cost-plus pricing system, what profit would be earned on a selling price set to earn a profit margin of 20% of cost?
(a) $2.40
(b) $9.60
(c) $12.00
(d) $14.40
Flint Company produces a product whose cost is $12. Assuming the company uses a cost-plus pricing system
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