The Owl 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 $6 per unit. Determine the mark up percentage on product cost.

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The Answer of The Owl 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 $6 per unit. Determine the mark up percentage on product cost.

The Owl Company Produces and Sells Product X at a Total