College

The practice of setting a price by increasing the marginal cost of production by some percentage is referred to as:

A. mark-up pricing
B. percentage pricing
C. rate-of-return pricing
D. average cost pricing

Answer :

Answer:

markup pricing.

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.