Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporations expected annual volume of 500,000 units:

		Per Unit		Total
Direct materials		$10
Direct labour		8
Variable manufacturing overhead		15
Fixed manufacturing overhead				$400,000
Variable selling and administrative expenses		7
Fixed selling and administrative expenses				180,000

The company has a desired ROI of 40%. It has invested assets of $24,600,000.

1)Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) 2)Using variable-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.)