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

Question 5

Multiple Choice

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 product cost is


A) 80%
B) 47%
C) 70%
D) 110%

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