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

question 36

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)27.8%
• B)104.56%.
• C)105.56%.
• D)107.00%.
• E)106.85%.

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Definitions:

Exchange Rate

The worth of one currency when converted into another, indicating the amount of one currency that can be swapped for another.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners in a given period.

Foreign-Currency Exchange

The process of converting one currency into another currency, facilitating international trade and investment.

Exchange Rate

The exchange rate is the value of one currency for the purpose of conversion to another. It expresses how much of one currency is needed to buy a unit of another currency.