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If the Target Profit Is $60,000 for a Volume of 480

Question 8

Multiple Choice

If the target profit is $60,000 for a volume of 480 units, fixed costs are $168,000, and the variable cost per unit is $450, then the markup percentage on variable cost would be:


A) 104.56%.
B) 105.56%.
C) 106.00%.
D) 106.45%.
E) None of the answers is correct.

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