Use the Following Information for Questions
Custom Shoes Co -What Is the Markup Percentage?
A) 150%
B) 255%
C)

question 99

Multiple Choice

Use the following information for questions
Custom Shoes Co. has gathered the following information concerning one model of shoe: $\begin{array}{ll}\text { Variable manufacturing costs } & \$ 40,000 \\\text { Variable selling and administrative costs } & \$ 20,000 \\\text { Fixed manufacturing costs } & \$ 160,000 \\\text { Fixed selling and administrative costs } & \$ 120,000 \\\text { Investment } & \$ 1,700,000 \\\text { ROl } & 30 \% \\\text { Planned production and sales } & 5,000 \text { pairs }\end{array}$
-What is the markup percentage?

• A) 150%
• B) 255%
• C) 850%
• D) 182%

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