Use the figures in the table below to answer the following questions. 
(a) What is the value of M1?
(b) What is the value of M2?
(c) What is the value of M2+?
(d) What is the value of M2++?
Definitions:
Markup
A percentage added to the cost price of goods to cover overhead and profit.
Selling Price
Selling price is the amount of money a buyer pays to purchase a product or service from a seller.
Manufacturing Costs
The total expense involved in the creation of a product, including raw materials, labor, and overhead costs.
Departments
Divisions within an organization, each responsible for specific functions or tasks.
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