Monty's Has One Product with a Variable Cost of $19

question 147

Multiple Choice

Monty's has one product with a variable cost of $19.80 and a cost of goods sold per unit of $18.32.If Monty sells this product for $24.75, what is Monty's markup percentage based on variable cost per unit and based on cost of goods sold?

• A)25%; 35%
• B)35%; 25%
• C)26%; 20%
• D)20%; 26%

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Marcus Garvey

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