At a certain level of operations, per unit costs and selling price are as follows: manufacturing costs, $50; selling and administrative expenses, $10; selling price, $80. Given this information, the mark-on percentage to manufacturing cost used to determine selling price must have been:
A)40 percent.
B)60 percent.
C)33 percent.
D)25 percent.

Question

Quizplus · Accepted Answer

Selling price - Manufacturing costs
= Mark-on percentage
Manufacturing costs
 11eb16ac_e02d_67eb_984d_bda5fefa6837_TB6154_00

At a Certain Level of Operations, Per Unit Costs and Selling