HW 24 Product Cost Markup Percentage Apex Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $68 per unit, of which $33 is product cost and $35 is selling and administrative expenses. In addition, the total cost of $68 is made up of $41 variable cost and $27 fixed cost. The desired profit is $6 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number