Marigold Corporation produces microwave ovens. The following unit cost information is available: direct materials $30, direct labor $27, variable manufacturing overhead $20, fixed manufacturing overhead $41, variable selling and administrative expenses $17, and fixed selling and administrative expenses $35. Its desired ROI per unit is $34.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.)

Markup percentage

enter the markup percentages rounded to 2 decimal places

%