Central Division for Chemical Company has a rate of return on investment of 30% and an investment turnover of 2.03. What is the profit margin? Round the percentage to two decimal places.

22.17%

17.73%

11.82%

14.78%

The approach that required the transfer price to be less than the market price but greater than the supplying division's variable costs per unit is called the

standard cost approach

cost price approach

negotiated cost approach

market price approach