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 foxed selling and administrative expenses $28. Its desired ROI per unit is $30.40. Compute its markup percentage using a total-cost approach. (Round onswer to 2 decimal ploces, es. 10.50\%) Markup percentage