Livingston Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrative

Question:

Livingston manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrative expenses, is $60. The per unit cost of selling and administrative expenses is $20. The company's desired ROI per unit is $6. Calculate its markup percentage on total unit cost.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...