Question: I need help with this general accounting question using the proper accounting approach. Each month, Grayson Industries incurs $360,000 in total manufacturing costs, of which

I need help with this general accounting question using the proper accounting approach.

Each month, Grayson Industries incurs $360,000 in total manufacturing costs, of which 25% are fixed, and $140,000 in distribution and marketing costs, of which 40% are fixed. The company's monthly sales revenue is $625,000. What is the markup percentage on full cost to arrive at the current selling price

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