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1. (3 points) B Company recently invested $1,230,000 to be able to produce a new product. The target operating income desired from the new

1. (3 points) B Company recently invested $1,230,000 to be able to produce a new product. The target operating income desired from the new product line is $246,000 annually. B Company anticipates annual sales will be 1,600 units and plans revenue of $1,000 per unit. How much should the markup percentage as a percentage of cost be for B Company to achieve their target operating income? a. 15.38% b18.17% C. 84.63% @20.00%

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