Barium Corp. provides the following information for the month of March of the current year: Revenues
$$\begin{array} { l r }
\text { Revenues } & \$ 200,000 \
\text { Cost of Goods Sold } & 80 \% \
\text { Selling and administrative expenses } & \$ 11,000
\end{array}$$
Compute the markup on cost of goods sold (COGS).
A)50%
B)67%
C)25%
D)33%

Question

Barium Corp. provides the following information for the month of March of the current year: Revenues
$$\begin{array} { l r } 
\text { Revenues } & \$ 200,000 \
\text { Cost of Goods Sold } & 80 \% \
\text { Selling and administrative expenses } & \$ 11,000
\end{array}$$
Compute the markup on cost of goods sold (COGS).
A)50%
B)67%
C)25%
D)33%

Quizplus · Accepted Answer

The Answer of Barium Corp. provides the following information for the month of March of the current year: Revenues
$$\begin{array} { l r } 
\text { Revenues } & \$ 200,000 \
\text { Cost of Goods Sold } & 80 \% \
\text { Selling and administrative expenses } & \$ 11,000
\end{array}$$
Compute the markup on cost of goods sold (COGS).
A)50%
B)67%
C)25%
D)33%

Barium Corp Compute the Markup on Cost of Goods Sold (COGS)