Sunland Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $40000 Variable selling and administrative costs $40000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1800000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage? 193% 675% 270% 150%

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sunland Company has gathered the following information concerning one model of shoe:

Variable manufacturing costs $40000
Variable selling and administrative costs $40000
Fixed manufacturing costs $160000
Fixed selling and administrative costs $120000
Investment $1800000
ROI 30%
Planned production and sales 5000 pairs


What is the markup percentage?

193%
675%
270%
150%
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