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Vido DVD Company $($Vido$)$ manufactures portable DVD players. The company requires a $20\%$ rate of return on its investments. To start up the business,

an investment of $$550,000$ was required. General and administrative expenses total $$750,000.$ Each year, the sales volume is equal to $40,000$ DVD players,

each with a unit product cost of $$100.$ Assuming that the company uses the formula method, determine the markup percentage that vido would apply in

a cost$-$plus pricing scheme.

Do not enter percentage signs or commas in the input boxes.

Round your answer to $2$ decimal places.

Markup Percentage

Incorrect

Mark $0\mathrm{.}00$ out of $1\mathrm{.}00$

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