The markup percentage on the total cost of the company's product is

A) 21.0%
B) 22.6%
C) 15.8%
D) 24.0%

Markup Percentage

The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.

Total Cost Concept

A management accounting concept that includes all direct costs, indirect costs, fixed, and variable costs associated with producing and selling a product.