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9 March, 12:04

You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price to $15. Nobody buys the scarf at that price, so you lower the price to $12, and someone buys it. What is the value of the scarf?

A) $15

B) $10

C) $12

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Answers (2)
  1. 9 March, 12:39
    0
    Value is the amount a customer is willing to pay for item, so the value is $12.
  2. 9 March, 14:43
    0
    the gain being $7, the value couldn't be less then 12 if it's not brought back for shortcomings and resold for $15
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Home » Business » You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price to $15. Nobody buys the scarf at that price, so you lower the price to $12, and someone buys it.
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