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Knowledge Check

Seaco Products produced $10,000$ gears with the following unit costs: variable manufacturing costs $$23,$ fixed manufacturing overhead $$4,$ variable selling and administrative expenses $$2,$ and fixed selling and administrative expenses $$3.$ The company has a desired ROI per unit of $$8$ and has invested assets of $$445,000.$ Compute the variable$-$cost pricing markup percentage. $($Round answer to $2$ decimal places $($e$.$g$.,25\mathrm{.}02).)$

Variable$-$cost pricing markup percentage $\%$