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During the current year, Blossom Corporation expects to produce 10,000 units and has budgeted the following: net income $240,000; variable costs $720,000; and fixed costs

image text in transcribed During the current year, Blossom Corporation expects to produce 10,000 units and has budgeted the following: net income $240,000; variable costs $720,000; and fixed costs $280,000. It's investment in assets is $1,400,000. The company's budgeted ROI is 15%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, e.g. 52.75. Round answer to 0 decimal places, e.g. 20\%.) Budgeted markup percentage

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