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:

Credit Memo

A document issued by a seller that reduces the amount a buyer owes, typically related to returns or adjustments.

Note Receivable

A financial asset representing a written promise to receive a certain amount of money at a future date or on demand.

Petty Cash

A small amount of cash kept on hand in a business for minor, routine expenses, managed through a system involving vouchers.