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21. The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative
21.
The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit. Determine the markup percentage on TOTAL COST.
a.100%
b.80%
c.46.5%
d.110%
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