Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $38; direct labour $22; variable manufacturing overhead $20; fixed manufacturing overhead $44; variable selling and administrative expenses $12; and fixed selling and administrative expenses $30. Its desired ROI per unit is $28.12. Calculate the markup percentage using variable-cost pricing. (Round answer to 2 decimal places, e.g. 15.25%.)

Markup percentage

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