Munoz Company makes a product that sells for $30 per unit. The company pays $15 per unit for the variable costs of the product and incurs annual fixed costs of $133,500. Munoz expects to sell 21,700 units of product.

Required

Determine Munozs margin of safety expressed as a percentage.

(Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45)) Margin of safety %