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Sunland Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $10000...

Sunland Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $10000 Variable selling and administrative costs $10000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage?

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Answer #1

Calculation of return on investment

Assets

$ 1,700,000.00

ROI (1700000 x 30%)

$      510,000.00

Calculation of total cost and Markup %

A

Variable Manufacturing cost

$        10,000.00

B

variable selling and Administrative cost

$        10,000.00

C

Fixed manufacturing cost

$      160,000.00

D

Fixed selling and administrative cost

$      120,000.00

E=A+B+C+D

Total Cost

$      300,000.00

F=ROI

Markup

$      510,000.00

G=F/E

Markup %

170%

Answer---Markup %=170%

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