At a certain level of operations, per unit costs and profit for Athena Manufacturing Company are as follows: manufacturing costs, $ 150; selling and administrative costs, $ 50; desired profit $50. Given this information, the mark-on percentage to manufacturing cost used to determine selling price must have been:

a.75 percent
b.25 percent
c.67 percent
d.33 percent


correct: c

Business

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Fill in the blank(s) with the appropriate word(s).

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Indicate whether the statement is true or false.

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Business