materials and direct labor costs are easy to trace to the jobs. Privacy's income statement for last year is as follows: Privacy wants to find a markup on cost of goods sold that will allow them to earn about the same amount of profit on each job as was earned last Required: % of cost of goods sold 2. A customer orders draperies and shades for a remodeling job. The job will have the following costs: What is the price that Privacy will quote given the markup percentage calculated in Requirement 1 ? (Round the price to the nearest dollar.) $ percent. Use this amount for future calculations.) % of direct materials cost