Sunland's Recording Studio rents studio time to musicians in two$-$hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer$/$mixer$.$ Anticipated annual volume is $1,500$ sessions. The company has invested $$2,095,200$ in the studio and expects a return on investment of $25\%.$ Budgeted costs for the coming year are as follows:

$\backslash$table$[[,$Per Session,Total$],[$Direct materials $($tapes$,$ CDs$,$ etc.$),$$$20,],[$Direct labour,$380,],[$Variable

overhead,$40,],[$Fixed overhead,,$$1,447,500.$ Calculate the markup percentage on the total cost per session?