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Assume a company has $10 million to invest in a new product and wants a 10% rate of return on this investment (i.e. this is

Assume a company has $10 million to invest in a new product and wants a 10% rate of return on this investment (i.e. this is the percentage of profit that the company is hoping to achieve from selling the product). If the full cost of the product per unit is $100/unit with 50,000 units, what is the markup as a percentage of full cost of the product?

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