Multiple Choice
M Studios buys cameras at a unit cost of $140. Their operating expense is 40% per unit of the selling price, and their desired unit operating profit is 25% of the selling price. What is M Studios' rate of mark-up on selling price?
A) 65%
B) 22.75%
C) 75%
D) 25%
E) 60%
Correct Answer:
Verified
Correct Answer:
Verified
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