Which of the Following Formulas Represents the Markup Percentage on Total

question 6

Multiple Choice

Which of the following formulas represents the markup percentage on total cost?

• A)Target profit/ annual volume.
• B)Target profit / (annual volume * total cost per unit).
• C)(Annual volume * total cost per unit)/ target profit.
• D)Target profit / variable cost.
• E)(Target profit * total cost per unit)/ annual volumE.

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Definitions:

Dollar Spent

A unit of expenditure, often used to discuss the impact or value of spending in terms of economic activity or investment.

Marginal Utility

The increase in satisfaction or useful value obtained from the consumption of yet another unit of a good or service.

Milkshakes

A sweet, cold beverage made from blending milk, ice cream, and flavorings or sweeteners such as butterscotch, caramel sauce, or chocolate syrup.

French Fries

Refers to the popular side dish made from potatoes that are cut into strips and fried.