Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $28, variable manufacturing overhead $20, fixed manufacturing overhead $42, variable selling and administrative expenses $12, and fixed selling and administrative expenses $28. Its desired ROI per unit is $32.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage %