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A manufacturing company produces and sells 50,000 units of a single product. Total product costs are $8 per unit. If total sales are $550,000, what

A manufacturing company produces and sells 50,000 units of a single product. Total product costs are $8 per unit. If total sales are $550,000, what markup percentage is the company using?

37.5%

72.7%

50.0%

137.5%

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