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Knowledge Check

Seaco Products produced $10,000$ gears with the following unit costs: variable manufacturing costs $$21,$ fixed manufacturing overhead $$6,$ variable selling and administrative expenses $$3,$ and fixed selling and administrative expenses $$4.$ The company has a desired ROI per unit of $$11$ and has invested assets of $$440,000.$ Compute the variable$-$cost pricing markup percentage. $($Round answer to $2$ decimal places $($e$.$g$.,25\mathrm{.}02).)$

Variable$-$cost pricing markup percentage

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