Lumina Industries produces and sells outdoor solar lighting fixtures. A solar spotlight has a total cost of $40 per unit, of which $30 is variable cost and $10 is fixed cost. The desired profit is $10 per unit. Determine the markup percentage on total cost.

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The Answer of Lumina Industries produces and sells outdoor solar lighting fixtures. A solar spotlight has a total cost of $40 per unit, of which $30 is variable cost and $10 is fixed cost. The desired profit is $10 per unit. Determine the markup percentage on total cost.

Lumina Industries Produces and Sells Outdoor Solar Lighting Fixtures