The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The Kentons accounting department reported no beginning inventory. The following information was collected for the month of June:

Direct Materials processed: 27,500 gallons (after shrinkage)

Production:	Butter Cream	12,500	gallons
	Condensed Milk	15,000	gallons
Sales:	Butter Cream	12,000	gallons
	Condensed Milk	14,500	gallons
Sales Price:	Butter Cream	$4.50	per gallon
	Condensed Milk	$8.00	per gallon
Separable costs	Butter Cream	$13,000
	Condensed Milk	$35,600

The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 27,500 gallons of saleable product was $53,000.

Using the physical-measure method, what is Product Condensed milk's approximate gross-margin percentage?