Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. The company anticipated that the restorers would worka total of 14,900 hours this year. Expected parts and materials were $1,289,000. Determine the profit margin on materials. (Round intermediote calculotions to 2 decimal places, eg. 10.25% and finol onswer to 0 decimal ploces, es. 10\%) Profit margin on materiaks 8