ch 25 7

Product Cost Markup Percentage Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $62 per unit, of which $38 is product cost and $24 is selling and administrative expenses. In addition, the total cost of $62 is made up of $43 variable cost and $19 fixed cost. The desired profit is $19 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number. % Product Cost Markup Percentage Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $62 per unit, of which $38 is product cost and $24 is selling and administrative expenses. In addition, the total cost of $62 is made up of $43 variable cost and $19 fixed cost. The desired profit is $19 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number. %