Answered step by step
Verified Expert Solution
Question
1 Approved Answer
34. Swifty Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $22000 Variable selling and administrative costs $18000 Fixed manufacturing
34. Swifty Corporation has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $22000 |
| Variable selling and administrative costs | $18000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1600000 |
| ROI | 30% |
| Planned production and sales | 5000 pairs |
What is the markup percentage?
a) 171%
b) 150%
c) 1200%
d) 264%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
I Would Rather Eat A Cactus Than Audit A Project A Beginners Guide To Project Audit And Assurance
Authors: Lesley Elder-Aznar
1st Edition
B0B4HKGN3S, 979-8838344298
