Question: Crystal Lighting Inc produces and sells lighting fixtures An entry
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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