Find what is the markup percentage

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Question 1: A company has variable manufacturing costs per unit of $20, and has fixed manufacturing cost per unit of $15. Variable selling and administrative costs per unit are $4, while fixed selling and administrative costs per unit $6. The company desires an ROI of $7.50 per unit. If the company uses the absorption-cost approach, what is its markup percentage?

a) 50%

b) 16.67%

c) 21.5%

d) 25%

e) 8.33%

Reference no: EM132551131

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