Answer:
£69 (nearest pound)
Explanation:
Given the cost breakdown for the manufacture of 1 complete high chair :
High Chair __ £8.50
Legs ______ £22.75
Strap _______ £1.90
Labour ______£2.60
Total : £(8.50 + 22.75 + 1.90 + 2.60)
Total manufacturing cost = £35.75
Profit margin = 30%
Sales price = (100 + profit margin)% * total manufacturing cost
Sales price = (100+30)% * 35.75
Sales price = 130% * 35. 75
Sales price = 1.3 * 35.75
Sales price = £68.575
