Product cost markup percentage Magna Lighting Inc. produces and sells lighting fixtures. | Cheap Nursing Papers

Product cost markup percentage Magna Lighting Inc. produces and sells lighting fixtures.

Product cost markup percentage 

Magna Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $125 per unit, of which $80 is product cost and $45 is selling and administrative expenses. In addition, the total cost of $125 is made up of $90 variable cost and $35 fixed cost. The desired profit is $55 per unit.

How do I Determine the markup percentage on product cost?

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