Homework Clinic
Social Science Clinic => Accounting => Topic started by: sh03641 on Feb 5, 2023
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Question 1
Lochte Inc. has collected the following data concerning one of its products:
Total investment | $1,800,000 |
The markup percentage is
◦ 20.69%.
◦ 26.09%.
◦ 25%.
◦ 22.59%.
Question 2
Grassi Company produces high definition television sets. The following information is available for this product:
Variable cost per unit | 750 |
Grassi Company's markup percentage is
◦ 120%.
◦ 30%.
◦ 40%.
◦ 60%.
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Answer 1
26.09%.
($145 - $115) ÷ $115 = 26.09%
Answer 2
30%.
$300 ÷ ($250 + $750) = 30%