The following information applies to the questions displayed below.] The following is cost and production data for the Wave Darter:

	Per unit
Variable manufacturing cost		$	380
Applied fixed manufacturing cost			260	*
Absorption manufacturing cost			640
Variable selling and administrative cost			45
Allocated fixed selling and administrative cost			130
Total cost		$	815
Variable manufacturing cost		$	380
Variable selling and administrative cost			45
Total variable cost		$	425

^* Based on planned monthly production of 44 units (or 528 units per year). Rounded The target profit is $45,000, with planned sales equal to production.

Required: 1. Use the general formula for determining a markup percentage to compute the required markup percentage using variable manufacturing cost. (Round your percentage answer to 2 decimal places (i.e., .1234 should be entered as 12.34).)