Charlotte Co. has variable manufacturing costs per unit of P25, and fixed manufacturing cost per unit is P15.Variable selling and administrative costs per unit are P10, while fixed selling and administrative costs per unit P5.Charlotte desires an ROI of P5.00 per unit.If Charlotte Co. uses the absorption cost approach, what is its mark-up percentage? (just put the correct answer, no need for solution)

Group of answer choices

50.00%

40.00%

Answer not given

36.36%