Multiple Choice
Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. The markup percentage on total cost for the company's product is
A) 21.0%
B) 22.6%
C) 15.8%
D) 24.0%
Correct Answer:

Verified
Correct Answer:
Verified
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