Crimpson Company Has Invested $2,200,000 in a Plant to Make

Multiple Choice

Crimpson Company has invested $2,200,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $303,000 annually. The company plans annual sales of 7000 juicer machines at a selling price of $500 each.
What is the markup percentage as a percentage of cost for Crimpson Company?

A) 8.7%
B) 13.8%
C) 9.5%
D) 0.9%