Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $33, direct labor $30, variable manufacturing overhead $21, fixed manufacturing overhead $42, variable selling and administrative expenses $15, and fixed selling and administrative expenses $29. Its desired ROI per unit is $32.30. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage