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Economics

Question - Jamie Corporation had the following information: $250,000 Cost of goods sold: Direct materials $50,000 Direct labor 37,500 62.500 150.000 Gross profit $100.000 Selling and administrative expenses Operating income

a. What the markup based on materials?

b. What would be the price for a product that has a cost of$500, assuming that the markup is based on cost of goods sold?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93123277

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