Find the missing quantities by first computing the markup on one base and then computing the markup on the other. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
A. Cost = $331.27
% Markup on cost = 22.0%
% Markup on selling price = 18.0%
B. Cost = $230.05
% Markup on cost = 22.0%
% Markup on selling price = 18.0%
C. Cost = $331.27
% Markup on cost = 18.0%
% Markup on selling price = 22.0%
D. Cost = $230.05
% Markup on cost = 18.0%
% Markup on selling price = 22.0%
Answer: B
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