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%.)

What is the markup % ? _____%