Multiple Choice Question 47 Concord Corporation has gathered the following information concerning one model of shoe:

Multiple Choice Question 47

Concord Corporation has gathered the following information concerning one model of shoe:

Variable manufacturing costs$33000Variable selling and administrative costs$27000Fixed manufacturing costs$160000Fixed selling and administrative costs$120000Investment$1700000ROI30%Planned production and sales5000 pairs

What is the markup percentage?

150%

850%

264%

182%