If the Target Profit Is $60,000 for a Volume of 480

question 52

Multiple Choice

If the target profit is $60,000 for a volume of 480 units,fixed costs are $168,000,and the variable cost per unit is $450,then the markup percentage on variable cost would be:

• A)104.56%.
• B)105.56%.
• C)106.00%.
• D)106.45%.
• E)some other amount.

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Definitions:

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