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:

Percentage

A portion or fraction out of 100 that represents a part of a whole.

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The experience of a child or individual becoming an orphan or losing their maternal or paternal figure.

Care

The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.