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The following per unit information is available for a new product of Sheffield Corp.: begin{tabular}{lr} Desired ROI & $11 Fixed cost & 45

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The following per unit information is available for a new product of Sheffield Corp.: \begin{tabular}{lr} Desired ROI & $11 \\ Fixed cost & 45 \\ Variable cost & 55 \\ Total cost & 100 \end{tabular} Selling price 118 Sheffield Corp.'s markup percentage is 18%. 47%. 9%. 38%

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