Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 57,100 units of its sole product. Magpie desires a profit equal to a 22% rate of return on invested assets of $571,000. Fixed factory overhead cost Fixed selling and administrative costs Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit $39,000 7,600 4.59 1.88 1.13 4.50 Variable selling and administrative cost per unit The markup percentage on total cost for the company's product is a. 22.1% b. 13.6% c. 17.0% d. 29.0%