Orange Nebula Equipment Company (ONEC) manufactures a variety of harpooning equipment.

The company would like to develop a unified approach to pricing its product line for next year using cost-plus pricing but does not know what cost base should be used.

Last year, ONEC earned $150,000 of profit from sales of its products and would like to earn $225,000 next year.

Last year, the company incurred the following costs:

Manufacturing Costs:
Variable	260,000.00
Fixed	160,000.00
Selling and Administraitve:
Variable	90,000.00
Fixed	180,000.00

Calculate the Markup Percentage based on a cost basis of All variable and fixed costs. (provide your answer in % form to two decimal places, i.e. 37.428% = 37.43)