Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $36, direct labor $22, variable manufacturing overhead $14, fixed manufacturing overhead $44, variable selling and administrative expenses $16, and fixed selling and administrative expenses $27. Its desired ROI per unit is $30.37. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50.)

Markup Percentage = ___________%