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Sheridan Company provides the following information for the new product it recently introduced. Total unit cost $1.75 Desired ROI per unit $0.70 Target selling price

Sheridan Company provides the following information for the new product it recently introduced.

Total unit cost	$1.75
Desired ROI per unit	$0.70
Target selling price	$2.00

What is Sheridan Companys percentage markup on cost?

60%.

35%.

40%.

20%.

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