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Samsung is a producer of the iPhone. The variable cost is 350 dollars per unit, and the credit price is 950 dollars each. Credit is

Samsung is a producer of the iPhone. The variable cost is 350 dollars per unit, and the credit price is 950 dollars each. Credit is extended for one month, and you expect 3 out of every 100 orders will not be collected. Your required return is 1.50% per month. Assuming the customer becomes a repeat customer, the break-even probability of default is _____ %. (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16. Do not include percentage sign.)

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