Convert a 30% markup percent on cost to markup percent on selling price. (Round to the nearest hundredth percent.) A. 25.08% B. 13.80% C. 23.08% D. 13.08%
Accepted Solution
A:
Answer:Option C23.08% markup on selling price.Step-by-step explanation: Given in the question, markup percentage on cost price = 30% To find, markup percentage on selling price Markup is the ratio between the cost of a good or service and its selling price.Let suppose that cost price percentage = 100%As we know that,cost% + markup% = selling%100% + 30% = 130%So percent markup selling price = 30 / 130 x 100 = 23.0769Hence, 30% markup on cost price = 23.0769% markup on selling price.