how to understand markup percentage and target price

Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation: Per Unit Total Direct materials $380 Direct labour 270 Variable manufacturing overhead 70 Fixed manufacturing overhead $1,450,000 Variable selling and administrative expenses 45 Fixed selling and administrative expenses 250,000 The company has a desired ROI of 20%. It has invested assets of $51,000,000. It expects to produce 2,500 units each year. (a) x Your answer is incorrect. Try again. Calculate the markup percentage and target selling price using absorption-cost pricing. ( Round markup percentage to 3 decimal places, e.g. 15.250% and target selling price to 0 decimal places, e.g. 5,250.) 12.69 Markup percentage x 1464.97 Target selling price