Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $34, direct labor $29, variable manufacturing overhead $15, fixed manufacturing overhead $46, variable selling and administrative expenses $17, and fixed selling and administrative expenses $29. Its desired ROI per unit is $28,90. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, eg. 10.50%) Markup percentage 96