Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit, and the desired profit is $20 per unit.
-The markup percentage on total cost is
a.100.0%
b.110.0%
c.80.0%
d.46.5%

Question

Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit, and the desired profit is $20 per unit.​
-The markup percentage on total cost is
a.100.0%
b.110.0%
c.80.0%
d.46.5%

Quizplus · Accepted Answer

The Answer of Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit, and the desired profit is $20 per unit.​
-The markup percentage on total cost is
a.100.0%
b.110.0%
c.80.0%
d.46.5%

Swan Company Produces Its Product at a Total Cost of $43