Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.Bob's Tires manufactures steel-belted radials at a cost of $54.43 each. Bob then sells the tires at a 52.9% markup based on cost. Find (a) the markup, (b) the selling price, and (c) the markup as a percent of selling price.
A. (a) $28.79
(b) $83.22
(c) 34.6%
B. (a) $102.89
(b) $157.32
(c) 189.0%
C. (a) $102.89
(b) $157.32
(c) 65.4%
D. (a) $28.79
(b) $83.22
(c) 52.9%
Answer: A
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