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What is cullumber company desired markup percentage

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Reference no: EM133065972

Question - Cullumber Company has developed a new product, egg crates that prevent breakage. The cost per crate is $55 and the company expects to sell 1000 crates per year. Cullumber Company has invested $1320000 in equipment to produce the crates and desires a 8% return on investment. What is Cullumber Company's desired markup percentage?

Reference no: EM133065972

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