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Martinez Windows Inc is in the process of setting a target price on its newly designed tinted window. Cost data relating to the window at
Martinez Windows Inc is in the process of setting a target price on its newly designed tinted window. Cost data relating to the window at a budgeted volume of 4,000 units are as follows. Martinez Windows uses cost-plus pricing methods that are designed to provide the company with a 20% ROI on its tinted window line. A total of $1,320,000 in assets is committed to production of the new tinted window. Compute the markup percentage under variable-cost pricing that will allow Martinez Windows to realize its desired ROI. (Round answer to 2 decimal places, es. 10.50\%.) Markup percentage %
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