Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 55,800 units of its sole product. Magpie desires a profit equal to a 20% return on invested assets of $607,000.

Line Item Description	Amount
Fixed factory overhead cost	$36,800
Fixed selling and administrative costs	7,300
Variable direct materials cost per unit	4.45
Variable direct labor cost per unit	1.88
Variable factory overhead cost per unit	1.13
Variable selling and administrative cost per unit	4.50

The markup percentage on total cost for Magpie's product is

a. 22.2%

b. 13.7%

c. 29.0%

d. 17.1%