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1) ABC Company produces and sells desks. A desk has a total cost of $140 per unit, of which $100 is product cost and $40

1) ABC Company produces and sells desks. A desk has a total cost of $140 per unit, of which $100 is product cost and $40 is selling and administrative expenses. In addition, the total cost of $140 is made up of $80 variable cost and $60 fixed costs. The desired profit is $65 per unit. Calculate the markup percentage on product cost. (

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