Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $33, direct labo $30, variable manufacturing overhead $15, fixed manufacturing overhead $38, variable selling and administrative expenses $12, and fixed selling and administrative expenses $22. Its desired ROI per unit is $25.50. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, eg. 10.50\%.) Markuppercentage \%