Zoey is setting a price for her store's newest item. She purchased the item for $45 and decides to sell it for $54 using markup pricing. If she wanted to calculate the markup as percentage of cost, it would be ______________. If she wanted to calculate the markup as the percentage of the selling price, it would be ______________.
A. 16.7%; 12%
B. 33%; 25%
C. 12.5%; 15.6%
D. 12%; 16.7%
E. 15%; 10.5%
Answer: D
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