23.Tots N Style Pty Ltd has the following data concerning a decorator playpen it manufactures:

variable manufacturing cost 20

applied fixed overhead cost 20

variable selling and administrative cost 5

allocated fixed elling and administrative cost 15

If the company uses cost-plus pricing based on(A) total variable costs & (B)on absorption costs,), determine the mark-up percentage used by the company to obtain a price of $105.& (explains difference between total variable costs & absorption costs )