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Quality Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $50,000 Variable selling and administrative costs $25,000 Fixed manufacturing
Quality Shoes Co. has gathered the following information concerning one model of shoe:
Variable manufacturing costs $50,000
Variable selling and administrative costs $25,000
Fixed manufacturing costs $200,000
Fixed selling and administrative costs $150,000
Investment $2,125,000
ROI 30%
Planned production and sales 5,000 pairs
3, What is the markup percentage?
a. 150%
b. 255%
c. 850%
d. 182%
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