Concord Corporation produces microwave ovens. The following unit cost information is available: direct materials $38, direct labor $24, variable manufacturing overhead $15, fixed manufacturing overhead $41, variable selling and administrative expenses $17, and fixed selling and administrative expenses $25. Its desired ROI per unit is $30.40. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage %