During the current year, Chudrick Corporation expects to produce 12, 000 units and has budgeted the following: net income $231, 000, variable costs $1, 150, 000, and fixed costs $100, 000. It has invested assets of $1, 540, 000. The company's budgeted ROI was 15%. What was its budgeted markup percentage using a full-cost approach? (Round answer to 2 decimal places e.g. 10.50.) Markup percentage ________ %