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Determine the required markup, using cost-plus pricing, if a 15% rate of return on investment is desired. Unit product cost would be $25. Selling and

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Determine the required markup, using cost-plus pricing, if a 15% rate of return on investment is desired. Unit product cost would be $25. Selling and administrative expenses would total $292,000 each year. An investment of $480,000 would be needed to produce and sell 26,000 units each year, (Do not round intermediate calculations.) 15.00% 55.08% 56.00% 44.92%

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