19) ABC Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:

Direct Materials processed: 29,500 gallons

Production:	Butter Cream	14,000	gallons
	Condensed Milk	15,500	gallons
Sales:	Butter Cream	13,500	gallons
	Condensed Milk	15,000	gallons
Sales:	Butter Cream	$3.50	per gallon
	Condensed Milk	$6.00	per gallon
Separable costs in total:	Butter Cream	$13,500
	Condensed Milk	$34,600

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 29,500 gallons of saleable product was $49,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the constant gross margin percent for ABC? ____________