A manufacturing company produces and sells 50,000 units of a single product. Total product costs...
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Accounting
A manufacturing company produces and sells 50,000 units of a single product. Total product costs are $8 per unit. If total sales are $550,000, what markup percentage is the company using?
| 37.5% | ||
| 72.7% | ||
| 50.0% | ||
| 137.5% |
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