Variable Cost of Company
During the last fiscal year, MLX Inc had revenues and expenses of 250,000 and 140,000 respectively on sales of 10,000 units. The company had net operating assets of 200,000. The company's required rate of return for approval of projects is 20%. MLX's total fixed costs were 70,000. The company's expenses included 20,000 of selling, general and administrative expenses, 10,000 of were variable. Calculate the company's mark-up percentage on total variable cost if the company expects to sell 15,000 units during the next fiscal year.
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