During the current year, Ivanhoe Corporation expects to produce 10,000 units and has budgeted the following: net income $258,000; variable costs $774,000; and fixed costs $301,000. It's investment in assets is $1,505,000. The company's budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, e.g. 52.75. Round answer to O decimal places, e.g. 20%.) Budgeted markup percentage % eTextbook and Media eTextbook Assistance Used