Markup percentage on variable cost

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Reference no: EM131536967

If the target profit is $60,000 for a volume of 480 units, fixed costs are $168,000, and the variable cost per unit is $450, then the markup percentage on variable cost would be:

104.56%.

105.56%.

106.00%.

106.45%.

some other amount.

Reference no: EM131536967

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