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%

---

Definitions:

Logical Conclusions

The final step in a reasoning process, based on the logical combination of facts, observations, or premises.

Abstract Terms

Words or phrases that represent ideas or concepts that are not tangible or concrete.

Cephalocaudal

A principle of human growth and development where development proceeds from the head downwards through the body.

Proximodistal

A pattern of growth and development in children where development proceeds from the body's central axis outward to the extremities.