What mark up percentage is the company using
A manufacturing company produces and sells 20,000 units of a single product. Total production costs are $14/unit. If the total sales are $560,000 what mark up percentage is the company using?
A) 100%
B) 10%
C) 200%
D) 40%
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A manufacturing company produces and sells 20,000 units of a single product. Net production costs are $14/unit. If the total sales are $560,000 what mark up percentage is the company employing?
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