Solve the problem. Round to the nearest cent or tenth of a percent.Markup = $29.17; selling price = $142.67. Find the cost and the rate of markup based on the selling price.
A. Cost = $113.50
Rate of markup based on selling price = 25.7%
B. Cost = $171.84
Rate of markup based on selling price = 20.4%
C. Cost = $113.50
Rate of markup based on selling price = 20.4%
D. Cost = $171.84
Rate of markup based on selling price = 25.7%
Answer: C
Mathematics
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