Morales Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $28; variable manufacturing overhead $16; fixed manufacturing overhead $48; variable selling and administrative expenses $17; and fixed selling and administrative expenses $27. Its desired ROI per unit is $31. Compute the markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 10.50.)

Markup Percentage %___________