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Q31 Ivanhoe Company has developed a new product, egg crates that prevent breakage. The cost per crate is $70 and the company expects to sell
Q31 
Ivanhoe Company has developed a new product, egg crates that prevent breakage. The cost per crate is $70 and the company expects to sell 1000 crates per year . Ivanhoe Company has invested $1890000 in equipment to produce the crates and desires a 12% return on Investment. What is Ivanhoe Company's desired markup percentage? 32496 12% 120% 27% Step by Step Solution
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Bank Strategy, Governance And Ratings
Authors: P. Molyneux
3rd Edition
0230313345, 9780230313347
