ezaz is setting up a chair factory. He expects to sell 200,000 X N* units in the first year itself. Fixed cost for his manufacturing plant is Rs. 40 lacs + Rs N* lacs and variable cost for each chair is Rs. 100 X N*-/- per unit. Calculate the cost per unit for chair. His total investment is Rs 60 lacs X N* in the business and wants to set a price to earn a 20 % return on investment by the end of first year. What should be the selling price of each chair and what is the required mark-up percentage?