Your answer is partially correct.

For George, setting prices has always been a clear$-$cut process: tell him the costs and he'll tell you at what price to sell it$.$ Amazingly, his approach has worked flawlessly so far. George's manufacturing costs run $$5\mathrm{.}00$ per unit, and his selling and administrative costs are $$5\mathrm{.}00$ per unit. To date, he has used a markup of $10\%$ on full cost, but he is thinking about changing his selling and administrative situation significantly, which will make those costs more difficult to estimate. If George wants to use a new markup percentage based on just manufacturing cost, will that markup percentage need to be higher or lower than $10\%$ to generate a comparable profit? $($Round answer to $0$ decimal places, e$.$g$.15\%.)$

Mark$$p percentage based on manufacturing cost

$\%$

The markup percentage based on manufacturing cost will need to be

$10\%.$