Morales Corporation produces microwave units. The following per unit cost information is available: direct materials $38; direct labor $23; variable manufacturing overhead $12; fixed manufacturing overhead $39; variable selling and administrative expenses $10; and fixed selling and administrative expenses $23. Its desired ROI per unit is $28. Compute the markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 10.50.)

Markup percentage