1. Question Content Area

   Jamison Company produces and sells Product X at a total cost of $1,800 per unit, of which $1,220 is product cost and $580 is selling and administrative expenses. In addition, the total cost of $1,800 is made up of $1,030 variable cost and $770 fixed cost. The desired profit is $360 per unit.

   Determine the markup percentage using the total cost concept. fill in the blank 1 %