A company has 20.00 per unit in variable costs and 10000000, Ask an Expert

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A company has $20.00 per unit in variable costs and $10,000,000 per year in fixed costs. If the company expects to sell 1,000,000 units and wishes to earn a profit of $2,000,000, what markup percentage (to the nearest whole %) must be applied to the total cost?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940257

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