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Jamison Company uses the total cost method of applying the cost - plus approach to product pricing. Jamison produces and sells Product x at a

Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Product x at a total cost of $1,200 per unit, of which $820 is product cost and $380 is selling and administrative expenses. In addition, the total cost of $1,200 is made up of $680 variable cost and $520 fixed cost. The desired profit is $132 per unit.
Determine the markup percentage on total cost.
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