If the cost per unit of output for a particular product is $10 and the product sells for $20,what is the percentage markup over cost per unit?
A) 200 percent
B) 10 percent
C) 100 percent
D) 20 percent
E) 50 percent.

Question

Quizplus · Accepted Answer

Markup is calculated by subtracting the cost from the selling price and expressing it as a percentage of the cost. In this case, the markup per unit is $20 - $10 = $10. The percentage markup over cost per unit is:

Markup / Cost x 100% = $10 / $10 x 100% = 100%

Therefore, the answer is C) 100 percent.

If the Cost Per Unit of Output for a Particular