Use the Information Below to Answer the Following Question(s)

question 111

Multiple Choice

Use the information below to answer the following question(s) .Pershing Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
Pershing has a target profit of $150,000.
-The target profit percentage for setting prices as a percentage of total costs would be

• A)61%.
• B)21%.
• C)47%.
• D)27%.
• E)35%.

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Definitions:

Mexican Pesos

The official currency of Mexico, symbolized by the sign "$" or "MXN" when distinguishing it from other dollar-denominated currencies.

Canadian Dollars

Canada's legal tender is denoted by the symbols CAD or C$.

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The United States' official medium of exchange, frequently employed as a standard in worldwide financial dealings.