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Sit Well Corporation manufactured and sold 25,000 chairs this year. Total cost to manufacture per unit was $180. Sit Well earned a 25% return on its...

3. Sit Well Corporation manufactured and sold 25,000 chairs this year. Total cost to manufacture per unit was $180. Sit Well earned a 25% return on its investment of $6 million. Calculate the markup and the selling price for the chairs.

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Accounting-8194756.xls

Units
Total Cost-Per unit
ROR
Investments
Income 25,000
$180
25%
$6,000,000
$1,500,000 Total Costs
Add: Markup
Sales $4,500,000
$1,500,000
$6,000,000 Selling Price - Per unit
Markup % (on costs)...

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