Sheffield Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Sheffield Products uses cost-plus pricing and management wants a 25\% ROI on the new product. Assets of $1,400,000 are committed to production of the new product. Compute the markup percentage under variable costing that will allow Sheffield Products its desired ROI. (Round answer to 2 decimal places, eg. 10.50\%.) Markup Percentage %