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Question(s) / Instruction(s):

A company has $27 per unit in variable costs and $1,000,000 per year in fixed costs.  Demand is estimated to be 100,000 units annually.  What is the price if a markup of 40% on total cost is used to determine the price?

A)           $51.80

B)            $37

C)            $27

D)           $37.80


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