A salesperson presented The Wonderland Book store, a store that carries Lewis Carroll memorabilia, an opportunity to stock limited edition Alice in Wonderland dolls at a cost of $125 each. The manager had to calculate the initial markup as a percentage of cost. Since the initial markup as a percentage of retail is 48.15 percent, what would the initial markup on the doll as a percentage of cost be?
A) 148.15 percent
B) 92.86 percent
C) 48.15 percent
D) 192.86 percent
E) 60.19 percent
Correct Answer:
Verified
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