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Find what is the mark-up percentage

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Reference no: EM132550928

Question 1: A firm employs average assets of $600 000 and calculates its mark-up on full cost based on a desired return on investment of 20 per cent. Expected production is 10 000 units, and the full cost per unit is $80. What is the mark-up percentage?

Option 1: 15%

Option 2: 20%

Option 3: 120%

Option 4: 25

Reference no: EM132550928

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