Crane Corporation produces microwave units. The following per-unit cost information is available: direct materials $34; direct labour $22 : variable manufacturing overhead $17 : fixed manufacturing overhead $41; variable selling and administrative expenses $12; and fixed selling and administrative expenses $30. Its desired ROI per unit is $29.82. Calculate the markup percentage using the absorption-cost approach. (Round answer to 2 decimal places, es. 15.25\%) %