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Business, 19.06.2020 12:57 tae8002001

Crystal Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $80 per unit, of which $54 is product cost and $26 is selling and administrative expenses. In addition, the total cost of $80 is made up of $40 variable cost and $40 fixed cost. The desired profit is $55 per unit. Determine the markup percentage on product cost.

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Crystal Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $80 p...
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