Jamison Company produces and sells Product X at a total cost of $25 per unit, of which $15 is product cost and $10 is selling and administrative expenses. In addition, the total cost of $25 is made up of $14 variable cost and $11 fixed cost. The desired profit is $5 per unit. Determine the mark up percentage on total cost.

Markup percentage on total cost  = 20%

Explanation:

Markup percentage on total cost  = Desired profit/Total cost

Markup percentage on total cost  = $5/ $25

Markup percentage on total cost  = 0.2

Markup percentage on total cost  = 20%

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.