Current Attempt in Progress

During the current year, Chudrick Corporation expects to produce $10,000$ units and has budgeted the following: net income $$300,000,$

variable costs $$1,100,000,$ and fixed costs $$100,000.$ It has invested assets of $$1,500,000.$ The company's budgeted ROI was $20\%.$

What was its budgeted markup percentage using a full$-$cost approach?

Markup percentage

$\%$

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