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

timer Asked: Feb 4th, 2019
account_balance_wallet $5

Question Description

The following is Sandhill Company’s income statement for the past year.

Sales revenue$710,000
Cost of goods sold426,000
Gross margin284,000
Operating expenses100,000
Operating income$184,000

Tutor Answer

School: University of Virginia

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