Cullumber Corporation produces microwave units. The following per-unit cost information is available: direct materials $35; direct labour $23; variable manufacturing overhead $18; fixed manufacturing overhead $40; variable selling and administrative expenses $16; and fixed selling and administrative expenses $29. Its desired ROI per unit is $30.36. Calculate the markup percentage using variable-cost pricing. (Round answer to 2 decimal places, e.g. 15.25%.)

Markup percentage

enter the markup percentages rounded to 2 decimal places %