Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $32, direct labor $20, variable manufacturing overhead $21, fixed manufacturing overhead $44, variable selling and administrative expenses $14. and fixed selling and administrative expenses $29. Its desired ROI per unit is $28.80. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50\%.) Markup percentage %