Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $34, direct labor $30, variable manufacturing overhead $21, fixed manufacturing overhead $47, variable selling and administrative expenses $15, and fxed selling and administrative expenses $29. Its desired ROI per unit is $34. Compute the markup percentage using variable-cost. pricing. (Round answer to 2 decimal places, eg. 10.50\%) Markup percentage %