During the current year, Sheridan Corporation expects to produce 10,000 units and has budgeted the following: net income $342,000; variable costs $1,026,000; and fixed costs $399,000. It's investment in assets is $1,995,000. 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 0 decimal places, e.g. 20\%.) Budgeted markup percentage %