the answer of 25.21 is wrong

Product Cost Markup Percentage Green Thumb Garden Tools Inc. produces and sells home and garden tools and equipment. A lawnmower has a total cost of s230 per unit, of which $160 is product cost and S70 is selling and administrative expenses. In addition, the total cost of s230 is made up of $120 variable cost and $110 fixed cost. The desired profit is $58 per unit Determine the markup percentage on product cost Total product cost = $ 230 Desired Profit = $ 58 Selling Price = $ 230 + $ 58 = $ 288 Therefore, Mark-up percentage on product cost = $ 58/$ 230 = 25.21%