Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.Markup = $5.64; Selling price = $64.04. Find the cost and the rate of markup based on cost.
A. Cost: $69.68
Rate of markup based on cost: 8.8%
B. Cost: $58.40
Rate of markup based on cost: 9.7%
C. Cost: $64.04
Rate of markup based on cost: 8.8%
D. Cost: $69.68
Rate of markup based on cost: 8.1%
Answer: B
Mathematics
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