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During the current year, Chudrick Corporation expects to produce 10,000 units and has budgeted the following: net income $420,000, variable costs $1,307,000, and fixed costs

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During the current year, Chudrick Corporation expects to produce 10,000 units and has budgeted the following: net income $420,000, variable costs $1,307,000, and fixed costs $93,000. It has invested assets of $2,100,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Markup percentage %

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