Given That Selling Price Is $200, Unit Cost Is $120

question 81

Multiple Choice

Given that selling price is $200, unit cost is $120, and a profit of $80. What is the company’s markup percentage?

• A)50%
• B)66.7%
• C)150%
• D)250%

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Definitions:

Minority Interest

The share of ownership in a subsidiary company that is not owned or controlled by the parent corporation.

Subsidiary's Stock

Shares owned in a company that is controlled by another entity (the parent company), often by owning the majority of its stock.

Consolidation Procedures

Accounting processes used to combine the financial statements of a parent company with its subsidiaries, presenting the group as a single economic entity.

100%-Owned Subsidiaries

Companies completely owned by another company, allowing the parent full control over operations and decisions.