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The following isCraneCompany's income statement for the past year. Sales revenue$900,000 Cost of goods sold360,000 Gross margin540,000 Operating expenses390,000 Operating income$150,000 What is the markup

The following isCraneCompany's income statement for the past year.

Sales revenue$900,000

Cost of goods sold360,000

Gross margin540,000

Operating expenses390,000

Operating income$150,000

What is the markup percentage on total cost?(Round answer to 0 decimal places, e.g. 45%.)

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