Barium Corp Compute the Markup on Cost of Goods Sold (COGS)

Multiple Choice

Barium Corp. provides the following information for the month of March of the current year: Revenues
$$\begin{array} { l r } \text { Revenues } & \$ 200,000 \\\text { Cost of Goods Sold } & 80 \% \\\text { Selling and administrative expenses } & \$ 11,000\end{array}$$
Compute the markup on cost of goods sold (COGS) .

A) 50%
B) 67%
C) 25%
D) 33%