Lock IncHas Collected the Following Data Concerning One of Its Products

question 107

Multiple Choice

Lock Inc.has collected the following data concerning one of its products: $\begin{array}{ll}\text { Unit sales price } & \$ 145 \\\text { Total sales } & 15,000 \text { units } \\\text { Unit cost } & \$ 115 \\\text { Total investment } & \$ 1,800,000\end{array}$
- The markup percentage is

• A)20.69%.
• B)22.59%.
• C)25%.
• D)26.09%.

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Definitions:

Quakers

A religious group officially known as the Religious Society of Friends, known for their pacifist beliefs and practices.

Social Development

The process of improving the well-being of individuals in society through measures that include education, health care, economic opportunity, and social justice.

Pennsylvania

A state located in the Northeastern, Great Lakes, Appalachian, and Mid-Atlantic regions of the United States, known for its rich history and diverse landscapes.

Bacon's Rebellion

A 1676 armed rebellion in Virginia, led by Nathaniel Bacon against the rule of Governor William Berkeley, which was motivated by grievances over governance, policy toward Native Americans, and land.