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Unit Operating Expenses for an Item Costing $30 Are Estimated

Question 17

Short Answer

Unit operating expenses for an item costing $30 are estimated at 40% of cost, and the desired operating profit is 25% of cost. Determine:
a. The selling price
b. The rate of markup on cost
c. The rate of markup on selling price

Correct Answer:

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a) $49.50
...

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