Wessons classic cars restores classic automobiles to show room status. Budgeted data for the current year are as follows: restorers wages and fringe benefits $$270000$ time charges. Purchasing agents salary and fringe benefits $$67500$ material charges. Admin salaries and fringe benefits $$54000$ time charges and $$21960$ material charges. Other overhead costs $$24000$ time charges and $$77490$ material charges. The company anticipated that the restorers would work a total of $12000$ hours this year. Expected parts and materials were $$1260000.$ In late January the company experienced a fire in its facilities that destroyed most of the accounting record. The accountant remembers that the hourly rate was $$70\mathrm{.}00$ and that the material loading charge was $83\mathrm{.}25\%.$ Determine the profit margin on materials in $\%,$ round to $2$ decimal places