(Appendix 12A)What Is the Markup Percentage Needed on Product S

question 16

Multiple Choice

(Appendix 12A) What is the markup percentage needed on Product S in order to achieve the company's required return on investment?

• A) 29%.
• B) 37%.
• C) 40%.
• D) 50%.Markup = (800,000 * .20 + 40,000 * 5 + 240,000)/(40,000 * 37.50)= 40%.

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