Question: Electroz Ltd has the following data concerning a model electric car it manufactures: Variable manufacturing cost $ 45 Applied fixed overhead $ 15 Variable selling

Electroz Ltd has the following data concerning a model electric car it manufactures:

Variable manufacturing cost $ 45

Applied fixed overhead $ 15

Variable selling and administrative cost $ 10

Allocated fixed selling and administrative cost $ 18

Required:

If the company uses cost-plus pricing based on manufacturing costs, determine the mark-up percentage used by the company to obtain a price of $150.

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