[Solved] MycroFiber is a producer of microfiber material for the auto detailing industry. Jamal, the owner of MycroFiber is highly skilled in the technical and manufacturing areas, but does not understand pricing. Jamal knows he wants to cover the cost of production when selling his material and needs revenue to cover his overhead costs and to make a profit. To be sure he meets these goals, Jamal decides to take a cost-based pricing approach. If MycroFiber's cost of production is $4 a square yard, Jamal and Jamal prices his material at $10 a square yard, what is MycroFiber's markup percentage? A) 150%. B) 200%. C) 100%. D) 250%. Naked Put: An options strategy where the investor sells put options without holding the underlying security, exposing them to potentially unlimited losses. Expected Dollar Profit: The forecasted amount of money that an investment is likely to earn in dollars. Major Drop: A significant decline in the price or value of an asset or stock within a short period of time. Long Stock Investment: An investment strategy where an investor purchases stocks with the expectation that they will rise in value over time.