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The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000 Cost of goods sold   134,400 Gross margin   201,600 Operating expenses   145,600 Operating income   $56,000   What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.) Markup percentage   enter markup percentage rounded to 0 decimal places %

The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000 Cost of goods sold   134,400 Gross margin   201,600 Operating expenses   145,600 Operating income   $56,000   What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.) Markup percentage   enter markup percentage rounded to 0 decimal places %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following is Cullumber Company’s income statement for the past year.

Sales revenue   $336,000
Cost of goods sold   134,400
Gross margin   201,600
Operating expenses   145,600
Operating income   $56,000

 

What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.)

Markup percentage  
enter markup percentage rounded to 0 decimal places %
 
The following is Cullumber Company's income statement for the past year. Sales revenue $336,000 Cost of goods sold 134,400 Gross margin 201,600 Operating expenses 145,600 Operating income $56,000
Transcribed Image Text:The following is Cullumber Company's income statement for the past year. Sales revenue $336,000 Cost of goods sold 134,400 Gross margin 201,600 Operating expenses 145,600 Operating income $56,000
What is the markup percentage on total cost? (Round answer to O decimal places, e.g. 45%.) Markup percentage
Transcribed Image Text:What is the markup percentage on total cost? (Round answer to O decimal places, e.g. 45%.) Markup percentage
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