h-definition TV costs a company $3,200 to manufacture. If it sells for $6,782, what is the percent markup based on cost? (Round to the nearest whole percent.) 47% 53% 112%

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
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A high-definition TV costs a company $3,200 to manufacture. If it sells for $6,782, what is the percent markup based on cost? (Round to the nearest whole percent.)
O 47%
O 53%
O 112%
O 116%
Transcribed Image Text:A high-definition TV costs a company $3,200 to manufacture. If it sells for $6,782, what is the percent markup based on cost? (Round to the nearest whole percent.) O 47% O 53% O 112% O 116%
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