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Bonita Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $50000 Variable selling and administrative costs $40000 Fixed

Bonita Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $50000 Variable selling and administrative costs $40000 Fixed manufacturing costs $150000 Fixed selling and administrative costs $120000 Investment $1200000 ROI 24 % Planned production and sales 5000 pairs What is the markup percentage? 124% 320% 144% 80%

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