Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $20, variable manufacturing overhead $12, fixed manufacturing overhead $38, variable selling and administrative expenses $10, and fixed selling and administrative expenses $20. Its desired ROI per unit is $22. Compute the markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, eg. 10.50%) Markup percentage %