How to calculate the price using mark-up of 40% of full manufacturing cost? The question context is in Australia.

How about using mark-up of 15% of full life-cycle cost? Are their cost base the same or different.

I saw many different calculations for these two questions. Thats weird.

Total Costs $ 1,800,000 Variable manufacturing Variable selling and administrative 400,000 Plant-level fixed overhead Fixed selling and administrative 650,000 300,000 Batch-level fixed overhead Total investment in product line 290,000 10,000,000 Expected sales (in units) 30,000