Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.Cost = $6.27; Selling price = $10.46. Find the markup and the rate of markup based on cost.
A. Markup: $4.19
Rate of markup based on cost: 40.1%
B. Markup: $16.73
Rate of markup based on cost: 37.5%
C. Markup: $4.19
Rate of markup based on cost: 66.8%
D. Markup: $10.46
Rate of markup based on cost: 59.9%
Answer: C
Mathematics
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