Answer the following questions using the information below:
Thornton Company has invested $2,000,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $360,000 annually. The company plans annual sales of 7,000 juicer machines at a selling price of $400 each.
-What is the markup percentage as a percentage of cost for Thornton Company?
A)22.0%
B)18.0%
C)14.8%
D)12.9%

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The Answer of Answer the following questions using the information below:
Thornton Company has invested $2,000,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $360,000 annually. The company plans annual sales of 7,000 juicer machines at a selling price of $400 each.
-What is the markup percentage as a percentage of cost for Thornton Company?
A)22.0%
B)18.0%
C)14.8%
D)12.9%

Answer the Following Questions Using the Information Below