Warren, Inc. purchased a $400,000 life insurance policy on the company president on January 1, 2017. The premium that was paid o
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Answer:
So markup percentage will be 8 % on total unit cost
Explanation:
We have given that cost base per unit including selling and administrative expenses is $60
per unit cost of selling and and administrative expenses is $15
The company desired ROI per unit is $6
We have to calculate the markup percentage on total unit cost
Markup percentage on total unit cost is given by '
markup percentage =
So markup percentage will be 8 % on total unit cost