You take a speculative long position in 5 January frozen concentrated orange juice (FCOJ) futures at a price of 121.88/lb. Each FCOJ contract represents 15,000 lbs.

If your account has an initial margin of 9%, what will be your percentage profit if you close out this position at 124.63/lb. prior to expiration? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)