Multiple Choice
Swan Company produces a 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. Determine the markup percentage on product cost.
A) 80%
B) 46.5%
C) 70%
D) 110%
Correct Answer:
Verified
Correct Answer:
Verified
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