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HiFi Audio recently invested$890,000 to be able to produce high-end portable Bluetooth speakers. The target operating income desired from the new line of speakers is

HiFi Audio recently invested$890,000 to be able to produce high-end portable Bluetooth speakers. The target operating income desired from the new line of speakers is $133,500 annually. HiFi anticiapates annual sales will be 1,200 units, and plans revenue of$900 each.

How much is the markup percentage as a percentage of cost for HiFi?

A.15%

B.14.1%

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