Product cost markup percentage green thumb garden tools inc. produces and sells home and garden tools and equipment. a lawn mower has a total cost of $230 per unit, of which $160 is product cost and $70 is selling and administrative expenses. in addition, the total cost of $230 is made up of $120 variable cost and $110 fixed cost. the desired profit is $58 per unit. determine the markup percentage on product cost. round the answer to nearest whole

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?