Algeria Transport Company Has Average Invested Capital of $800,000 and a Target

Multiple Choice

Algeria Transport Company has average invested capital of $800,000 and a target return on investment of 15%. The total cost per unit is $20 based on a volume level of 25,000 units. Albany's markup percentage on total cost is:

A) 9.375%.
B) 24.0%.
C) 47.5%.
D) 62.5%.
E) none of the other answers are correct.