Mappie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 59 ,0o0 units-of its sole product Magpie desires profit equal to a- 199 h return on invested assets of $639,000. The markup percentage on total cost for Magple's product is a. 26.5+8 b. 12.5% c. 15ht a 20.38 Jamison Company uses the total cost method of appiying the cost-plus approach to product peicing. Jarnison groduces and sells Product X at a total cost of s7o0 per unit. of which $480 is product cost and $220 is selling and administrative expenses, In addition, the total cost of 5700 is made up of 5400 variable cost and $300 fixed cost. The desired profit is $70 per unit. Determine the markup percentage on total cost