Partridge Co

question 50

Multiple Choice

Partridge Co.has produced a product with a total unit cost of $60 and a desired ROI per unit of $25.If Partridge Co.'s target selling price is $85, what is its percentage markup on cost?

• A)141.67%
• B)100%
• C)50%
• D)41.67%

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Definitions:

Limited Liability Partnership

A partnership arrangement in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.

Separate Legal Entity

An entity that is legally distinct from its owners or members, capable of having its own rights, duties, and obligations.

Business Organization

An entity formed for the purpose of carrying on commercial enterprise, including corporations, partnerships, and sole proprietorships.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.