Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $40, direct labor $26, variable manufacturing overhead $15, fixed manufacturing overhead $38, variable selling and administrative expenses $16, and fixed selling and administrative expenses $25. Its desired ROI per unit is $27.20. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Compute the markup percentage.