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:

Fortune 500

A yearly ranking of the 500 largest US corporations by total revenue for their respective fiscal years, published by Fortune magazine.

Chief Marketing Officer

A senior executive responsible for leading a company's marketing efforts, including strategy, brand management, and market research.

Automobile Manufacturer

A company that specializes in the production of motor vehicles, including cars, trucks, and motorcycles.

Participative Leader

A leadership style where the leader involves team members in decision-making processes, ensuring that their opinions and insights are valued and considered.