Question

Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit, and the desired profit is $20 per unit. The markup percentage on product cost is a.47% b.70% c.110% d.80%

Answer 1

Answer:

46.50%.

Explanation:

Percentage Markup = ( Desired profit x 100 ) / Total cost.

($20 × 100 ) / $43 = 46.50%.

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