Trump Ltd manufactures dolls of various presidents of the USA. It employs average assets of $800 000
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Question:
Trump Ltd manufactures dolls of various presidents of the USA. It employs average assets of $800 000 and calculates its mark-up on full cost based on a desired return on investment of 30 per cent. Expected production is 50 000 units, and the full cost per unit is $48. What is the mark-up percentage?
Select one:
20%
15%
5%
10%
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