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Ocean Grove Vending Company has invested $800,000 in a plant to make vending machines. The target operating income desired from the plant is $160,000 annually.

image text in transcribed Ocean Grove Vending Company has invested $800,000 in a plant to make vending machines. The target operating income desired from the plant is $160,000 annually. The company plans annual sales of 1,200 vending machines at a selling price of $900 each. What is the markup percentage as a percentage of cost for Ocean Grove Vending Company? A. 14.81% B. 85.19% C. 20% 'D. 17.39%

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