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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?
Antipyretics
Medications used to reduce fever by acting on the body's temperature-regulating center in the brain.
Influenza
A highly contagious viral infection of the respiratory passages causing fever, severe aching, and catarrh, and often occurring in epidemics.
Microorganism
A microscopic organism, such as a bacteria, virus, or fungus, that can only be seen under a microscope.
Chloroplasts
Organelles found in the cells of green plants and photosynthetic algae that conduct photosynthesis.
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