Jamison Company produces and sells Product X at a total cost of $25 per unit, of which $15 is product cost and $10 is selling an

Question

4 years ago

13

Jamison Company produces and sells Product X at a total cost of $25 per unit, of which $15 is product cost and $10 is selling an

d administrative expenses. In addition, the total cost of $25 is made up of $14 variable cost and $11 fixed cost. The desired profit is $5 per unit. Determine the mark up percentage on total cost.

Business

1 answer:

vitfil [10] · Answer 1 · 2022-02-04T05:29:21+03:00

vitfil [10]4 years ago

7 0

Answer:

Markup percentage on total cost = 20%

Explanation:

Markup percentage on total cost = Desired profit/Total cost

Markup percentage on total cost = $5/ $25

Markup percentage on total cost = 0.2

Markup percentage on total cost = 20%