Mays Dress Shops inventory at cost on January 1 was $43,000. Its retail value was $63,000. During the year, May purchased additional merchandise at a cost of $195,800 with a retail value of $395,800. The net sales at retail for the year were $352,000.

Calculate Mays inventory at cost by the retail method.

Note: Round the "cost ratio" to the nearest whole percent.