The following is cost and production data for the Wave Darter:

	Per unit
Variable manufacturing cost		$	390
Applied fixed manufacturing cost			270	*
Absorption manufacturing cost			660
Variable selling and administrative cost			58
Allocated fixed selling and administrative cost			120
Total cost		$	838
Variable manufacturing cost		$	390
Variable selling and administrative cost			58
Total variable cost		$	448

^*Based on planned monthly production of 42 units (or 504 units per year).

Rounded

The target profit is $41,000, with planned sales equal to production.

Question: Use the general formula for determining a markup percentage to compute the required markup percentage using absorption manufacturing cost.