A manufacturing company produces and sells 50,000 units of a single product.Total product costs are $8 per unit.If total sales are $550,000, what markup percentage is the company using?

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Quizplus · Accepted Answer

The cost per unit is $8, so total cost is 50,000 units * $8 = $400,000. The sales are $550,000, so the markup is ($550,000 - $400,000) / $400,000 = 37.5%.

A Manufacturing Company Produces and Sells 50,000 Units of a Single