What is the mark-up percentage on full cost

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Question 1: If the target profit is $60 000 for an annual volume of 480 units, the total annual fixed costs are $168 000 and the total variable cost per unit is $450, then what is the mark-up percentage on full cost?

Option 1: 51.4%

Option 2: 13.5%

Option 3: 15.6%

Option 4: 105.6%

Reference no: EM132541639

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