Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expected annual volume of 500,000 units: Total Per Unit $14 9 12 Direct materials Direct labour Variable manufacturing overhead Fored manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $400.000 5 150,000 The company has a desired ROI of 20%. It has invested assets of $22.200,000. (a) Using absorption-cost pricing calculate the markup percentage. (Round answer to 2 decimal places, es 15.25%) Markup percentage