Ivanhoe Motors expects to produce 10000 motors during the upcoming year. It has budgeted for the following: net income of $197000; variable costs of $509000; and fixed costs of $315000. The company has invested assets of $1000000 and a budgeted return on investment (ROI) of 20.60%. What is the budgeted markup percentage used in pricing each motor using a cost-plus method of pricing? 21%32%16%25% Last saved 1 second ago. Attempts: 0 of 1 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes