Multiple Choice
Answer the following questions using the information below:
Crimpson Company has invested $2,000,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $299,000 annually. The company plans annual sales of 7,000 juicer machines at a selling price of $400 each.
-What is the markup percentage as a percentage of cost for Crimpson Company?
A) 22.0%
B) 18.0%
C) 12.0%
D) 11.0%
Correct Answer:
Verified
Correct Answer:
Verified
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