Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 64,500 units of its sole product. Magpie desires a profit equal to a 24% return on invested assets $551,000. The markup percentage on total cost for Magpie's product is a. 15.4% b. 20.1% c. 12.3% d. 26.2%