Current Attempt in Progress

Crane Co$.$ has variable manufacturing costs per unit of $$40,$ and fixed manufacturing cost per unit of $$20.$ Variable selling and administrative costs per unit are $$10,$ while fixed selling and administrative costs per unit are $$3.$ Crane desires an ROI of $$11$ per unit. If Crane Co$.$ uses the variable cost$-$plus approach, what is its markup percentage?

$40\%$

$28\%$

$68\%$

$70\%$

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