If the Target Profit Is $60 000 for an Annual

question 92

Multiple Choice

If the target profit is $60 000 for an annual volume of 480 units, the total annual fixed costs are $168 000 and the total variable cost per unit is $450, then what is the mark-up percentage on full cost?

• A) 15.6%
• B) 13.5%
• C) 105.6%
• D) 51.4%

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Definitions:

Medieval Times

A historical period in Europe lasting from the 5th to the late 15th century, characterized by feudalism, castles, and knights.

Herbs

Plants with savory or aromatic properties that are used for flavoring food, medicinal purposes, or fragrances.

Inoculations

The process of introducing a vaccine into the body to produce immunity to a specific disease.

Sewerage

The infrastructure designed for the collection, transport, and disposal of sewage.