Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $36, direct labor $27, variable manufacturing overhead $19, fixed manufacturing overhead $40, variable selling and administrative expenses $14, and fixed selling and administrative expenses $24. 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 %