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Judith Vending Company has invested $1,180,000 in a plant to make vending machines. The target...

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Accounting

Judith Vending Company has invested $1,180,000 in a plant to make vending machines. The target operating income desired from the plant is $118,000 annually. The company plans annual sales of 1,400 vending machines at a selling price of $1,000 each. What is the markup percentage as a percentage of cost for Judith Vending Company?

A. 9.20%

B. 8.43%

C. 10.00%

D. 91.57%

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