Multiple Choice
Which of the following formulas represents the markup percentage on total cost?
A) Target profit ÷ Variable cost.
B) Target profit ÷ Annual volume.
C) (Target profit x Total cost per unit) ÷ Annual volume.
D) (Annual volume x Total cost per unit) ÷ Target profit.
E) Target profit ÷ (Annual volume x Total cost per unit) .
Correct Answer:
Verified
Correct Answer:
Verified
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