Cullumber Corporation produces microwave units. The following per-unit cost information is available: direct materials $35; direct labour $24; variable manufacturing overhead $16; fixed manufacturing overhead $41; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $27.60. Calculate the markup percentage using the absorption-cost approach. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage %

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