Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $18, fixed manufacturing over head $40, variable selling and administrative expenses $14, and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute the markup percentage using absorption cost pricing. (Round answer to 2 decimal places, eg. 10.50%) Markup percentage 1 %