Product Cost Marcup Percentage Apex Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $74 per unit, of which $37 is product cost and $37 is selling and administrative expenses. In addition, the total cost of $74 is made up of $38 variable cost and $36 fixed cost. The desired profit is $t per unit Determine the markup percentage on product cost. Round the answer to nearest whole number