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27 April, 22:39

Phoenix Company's newest product has the following unit dа ta: selling price $244, variable costs $140, and fixed costs $60. What is the markup percentage?

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  1. 28 April, 01:59
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    The correct answer is 22%.

    Explanation:

    To calculate it, we must use the formula taking the sales value that is $ 244 minus the unit cost that is $ 200 ($140 + $60), between the sum of the variable costs and the fixed costs that is the same. This relationship is represented as follows:

    $ 244 - 200 / (140 + 60) * 100 = 22%
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