Hen Company has developed a new product, egg crates that prevent breakage.The cost per crate is $50 and the company expects to sell 1,000 crates per year.Hen Company has invested $1,000,000 in equipment to produce the crates and desires a 10% return on investment.What is Hen Company's desired markup percentage?
A) 10%
B) 20%
C) 100%
D) 200%
Correct Answer:
Verified
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