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What is the markup percentage on cost of gods sold

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Reference no: EM132428846

Question - The following is Talley Company's income statement for the past year.

Sales revenue

$540,000

Cost of goods sold

324,000

Gross margin

216,000

Operating expenses

126,000

Operating income

$90,000

What is the markup percentage on cost of gods sold?

What is the markup percentage on total cost?

What is the gross margin percentage?

If the company wants to sell a new product that costs $42 wholesale while keeping the same markup structure, what will be the price of the new product?

Reference no: EM132428846

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