Lock Inc.has collected the following data concerning one of its products: $\begin{array}{ll}
\text { Unit sales price } & \$ 145 \
\text { Total sales } & 15,000 \text { units } \
\text { Unit cost } & \$ 115 \
\text { Total investment } & \$ 1,800,000
\end{array}$
- The markup percentage is
A)20.69%.
B)22.59%.
C)25%.
D)26.09%.

Question

Lock Inc.has collected the following data concerning one of its products: $\begin{array}{ll}
\text { Unit sales price } & \$ 145 \
\text { Total sales } & 15,000 \text { units } \
\text { Unit cost } & \$ 115 \
\text { Total investment } & \$ 1,800,000
\end{array}$ 
- The markup percentage is
A)20.69%.
B)22.59%.
C)25%.
D)26.09%.

Quizplus · Accepted Answer

The Answer of Lock Inc.has collected the following data concerning one of its products: $\begin{array}{ll}
\text { Unit sales price } & \$ 145 \
\text { Total sales } & 15,000 \text { units } \
\text { Unit cost } & \$ 115 \
\text { Total investment } & \$ 1,800,000
\end{array}$ 
- The markup percentage is
A)20.69%.
B)22.59%.
C)25%.
D)26.09%.

Lock IncHas Collected the Following Data Concerning One of Its Products