The Mallory Company produces and sells Product X at a total cost of $35 per unit,of which $28 is product cost and $7 is selling and administrative expenses.In addition,the total cost of $35 is made up of $24 variable cost and $11 fixed cost.The desired profit is $8 per unit.Determine the markup percentage on product cost.

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The Answer of The Mallory Company produces and sells Product X at a total cost of $35 per unit,of which $28 is product cost and $7 is selling and administrative expenses.In addition,the total cost of $35 is made up of $24 variable cost and $11 fixed cost.The desired profit is $8 per unit.Determine the markup percentage on product cost.

The Mallory Company Produces and Sells Product X at a Total