3. c)

View Policies Current Attempt in Progress Cullumber Inc. produces and sells yo-yos. It is currently planning to launch a new glow-in-the-dark model. The following are the projected costs based on projected units sold of 100,000 Variable costs per unit: Direct materials $1.45 Direct labour 110 Variable manufacturing overhead 145 Variable selling and administrative expenses 2.10 Annual fed costs and expenses: Manufacturing overhead Selling and administrative expenses $50,000 35.000 Cullumber Inc. will invest $1,000,000 for this new launch and would like to earn a 28% return on its investment. The old model of yo yo sells for $8.83 Calculate the markup percentage on the total cost per yo-yo (Round answer to 2 decimal places, eg: 15.25%) Markup percentage %