Question: =+PE 25-9A Variable cost markup percentage obj. 2 EE 25-9 p. 1149 Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a

=+PE 25-9A Variable cost markup percentage obj. 2 EE 25-9 p. 1149 Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $80 per unit, of which $36 is product cost and $44 is selling and administrative expenses. In addition, the total cost of $80 is made up of $30 variable cost and $50 fixed cost. The desired profit is $10 per unit. Determine the markup percentage on variable cost.

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