Joses Electronic Repair Shop has budgeted the following time and material for 2014.

Joses Electronic Repair Shop Budgeted Costs for the Year 2014
		Time Charges			Material Loading Charges
Shop employees wages and benefits		$108,000				-
Parts managers salary and benefits		-				$25,400
Office employees salary and benefits		23,500				13,600
Overhead (supplies, depreciation, advertising, utilities)		26,000				16,000
Total budgeted costs		$157,500				$55,000

Joses budgets 5,000 hours of repair time in 2014 and will bill a profit of $5 per labor hour along with a 30% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $100,000. On January 5, 2014, Joses is asked to submit a price estimate to fix a 72-inch flat-screen TV. Joses estimates that this job will consume 5 hours of labor and $200 in parts.

Compute the material loading charge percentage for Joses Electronic Repair Shop for the year 2014.