A company produces 50,000 units; variable cost per unit is $75; fixed costs total $800,000. With a markup of 35%, what is the selling price per unit (rounded to the two decimals)?

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Multiple Choice

A company produces 50,000 units; variable cost per unit is $75; fixed costs total $800,000. With a markup of 35%, what is the selling price per unit (rounded to the two decimals)?

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