Answer the Following Questions Using the Information Below

question 141

Multiple Choice

Answer the following questions using the information below:
Timothy Company has invested $1,000,000 in a plant to make vending machines. The target operating income desired from the plant is $150,000 annually. The company plans annual sales of 1,500 vending machines at a selling price of $1,000 each.
-What is the markup percentage as a percentage of cost for Timothy Company?

• A)15.0%
• B)17.6%
• C)10.0%
• D)11.1%

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