Monty Corporation produces microwave ovens. The following unit cost information is available: direct materials $40, direct labor $26, variable manufacturing overhead $19, fixed manufacturing overhead $60, variable selling and administrative expenses $15, and fixed selling and administrative expenses $20. Its desired ROI per unit is $30. Compute the markup percentage using variable- cost pricing. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage %