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Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $20000 Variable selling and administrative costs $20000 Fixed manufacturing costs
Sheffield Corp. has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $20000 |
| Variable selling and administrative costs | $20000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1600000 |
| ROI | 30% |
| Planned production and sales | 5000 pairs |
What is the markup percentage?
|
| 267% |
|
| 150% |
|
| 1200% |
|
| 171% |
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Accounting And Finance For Lawyers In A Nutshell
Authors: Charles Meyer
7th Edition
1647083001, 9781647083007
