If a Company Sells Its Product for $30 and Has

question 115

Multiple Choice

If a company sells its product for $30 and has a unit cost of $12, what is the company's markup percentage?

• A)35%
• B)40%
• C)25%
• D)150%

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Definitions:

High-Tech Industry

Industries involved in producing advanced technological goods and services, including computing, telecommunications, and biotechnology, among others.

North American Free Trade Agreement

A trade agreement between Canada, Mexico, and the United States aimed at reducing trade barriers and facilitating free trade.

Slobodan Milosevic

A Serbian and Yugoslav politician who served as the President of Serbia (1989-1997) and President of the Federal Republic of Yugoslavia (1997-2000), known for his role in the ethnic conflicts and wars that led to the breakup of Yugoslavia.

Josip Broz

Known as Tito, he was a Yugoslav communist revolutionary and political leader who served as Prime Minister (1945–1963) and President (1953–1980) of the Socialist Federal Republic of Yugoslavia.