Multiple Choice
Monty's has one product with a variable cost of $19.80 and a cost of goods sold per unit of $18.32.If Monty sells this product for $24.75, what is Monty's markup percentage based on variable cost per unit and based on cost of goods sold?
A) 25%; 35%
B) 35%; 25%
C) 26%; 20%
D) 20%; 26%
Correct Answer:
Verified
Correct Answer:
Verified
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