The management of Matsuura Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product: 
Management plans to produce and sell 1,000 units of the new product annually. The new product would require an investment of $254,000 and has a required return on investment of 10%.
-To the nearest whole percent, the markup percentage on absorption cost is:
Definitions:
Eggs
Eggs are oval or round objects laid by female animals, particularly birds, consisting of an outer shell, white albumen, and a yolk, often consumed as food.
Vegetarianism
The dietary practice of abstaining from the consumption of meat, and may also include abstention from by-products of animal slaughter.
Leonardo Da Vinci
A Renaissance polymath known for his contributions to art, science, and invention, including works like the Mona Lisa.
Vegetarian Diet
A dietary choice abstaining from consuming meat, fish, and sometimes, animal by-products, focusing on plants for food.
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