Sofia manufacturing makes profits with varying pricing structures, but it wants to determine the minimum markup percentage for all products based on manufacturing costs that will ensure that it does not fall below break$-$even point. It has estimated the following costs, for the coming year, for its planned production of all products. Variable manufacturing costs $$1,000$ Fixed manufacturing costs $500$ Selling expenses $300$ Administrative expenses $300$ The markup percentage required for Sofia Company to break even is: Select one: A$.31\mathrm{.}25\%$ B$.60\mathrm{.}00\%$ C$.40\mathrm{.}00\%$ D$.35\mathrm{.}75\%$