Martin Company is considering the introduction of a new product. To determine a selling price, the company has gathered the following information:

Number of units to be produced and sold each year		13,500
Unit product cost	$	30
Projected annual selling and administrative expenses	$	66,000
Estimated investment required by the company	$	320,000
Desired return on investment (ROI)		20	%

The company uses the absorption costing approach to cost-plus pricing.

Required:

Required: 1. Compute the markup required to achieve the desired ROI. ((Round your final answer to 2 decimal places Markup percentage 2. Compute the selling price per unit. (Round your intermediate and final answers to 2 decimal places.) Unit product cost Markup Selling price per unit