Ethan Limited has the following unit cost structure Revenue 140 Costs (100) Profit 40 The percentage mark
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Question:
Ethan Limited has the following unit cost structure
Revenue | 140 |
Costs | (100) |
Profit | 40 |
The percentage mark up on cost to determine price, and the percentage profit margin, are:
a. | Mark up = 40%, margin = 28.6% | |
b. | Mark up = 28.6%, margin = 40% | |
c. | Mark up = 40%, margin = 40% | |
d. | Mark up = 60%, margin = 28.6% |
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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