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Sheffield Corp. has gathered the following information for one model of its hiking boots: Variable manufacturing costs $30000 Variable selling and administrative costs $20000 Fixed

Sheffield Corp. has gathered the following information for one model of its hiking boots: Variable manufacturing costs $30000 Variable selling and administrative costs $20000 Fixed manufacturing costs $120000 Fixed selling and administrative costs $130000 Investment $1200000 RO 20 % Planned production and sales 5000 pairs What is the markup percentage? 480% 160% 80% 120%

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