Percentage markup

The following data pertain to Tall Company's commercial wood thrower:

Variable manufacturing cost $400
Applied fixed manufacturing cost 160
Variable selling and administrative cost 60
Allocated fixed selling and administrative cost 25

Required:
For each of the following cost bases, determine the appropriate percentage markup that will result in a price of $980 for the wood thrower. (Round percentages to nearest one-hundredth of a percent.)
A. Variable manufacturing cost.
B. Absorption manufacturing cost.
C. Total cost.
D. Total variable cost.

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.... Absorption manufacturing cost.
Absorption manufacturing cost = Variable manufacturing cost + Fixed manufacturing cost
= 400+160=560
Markup ...