Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $36; direct labour $22; variable manufacturing overhead $19; fixed manufacturing overhead $40; variable selling and administrative expenses $16; and fixed selling and administrative expenses $30. Its desired ROI per unit is $31.22. Calculate the markup percentage using the absorption-cost approach. (Round answer to 2 decimal places, eg. 15.25%) Markup percentage %