how to comprehend markup percentage

Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Per Unit Total Direct materials $15 Direct labour 9 Variable manufacturing overhead 12 Fixed manufacturing overhead $400,000 Variable selling and administrative expenses 4 Fixed selling and administrative expenses 150,000 The company has a desired ROI of 40%. It has invested assets of $22,400,000. (a) x Your answer is incorrect. Try again. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) X 52.44 Markup percentage