FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Answer? ? General Accounting

Apple Watch retailed for $349 in 2015, and the firm was
predicted to sell millions of units. The firm's total cost in
terms of materials and labor for the Apple Watch was no
more than $84. Thus, Apple's profit for each watch sold is
an estimated $265, with a percent markup of
a. 215
b. 265
percent.
c. 315
d. 365
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Transcribed Image Text:Apple Watch retailed for $349 in 2015, and the firm was predicted to sell millions of units. The firm's total cost in terms of materials and labor for the Apple Watch was no more than $84. Thus, Apple's profit for each watch sold is an estimated $265, with a percent markup of a. 215 b. 265 percent. c. 315 d. 365
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