Loft Company is a manufacturer of plastic molding machines and has a number of divisions...
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Loft Company is a manufacturer of plastic molding machines and has a number of divisions in several countries. Recently, Loft Company has invested $1186040 in a plant to manufacture molding machines with smart functions and special features. The target operating income expected from the plant is $227561 annually. Loft Company plans annual sales of 1200 molding machines at a selling price of $850 each.
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Calculatethe markup percentage as a percentage of cost for Loft Company
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