Lochte Inc.has collected the following data concerning one of its products: The markup percentage is

Question

Lochte Inc.has collected the following data concerning one of its products:  The markup percentage is

Quizplus · Accepted Answer

To calculate the markup percentage, we need to use the formula:
Markup percentage = (Selling price - Cost price) / Cost price x 100
From the table, we can see that the cost price of the product is $48.12 and the selling price is $60.70. 
Therefore, the markup percentage = (60.70 - 48.12) / 48.12 x 100
= 12.58 / 48.12 x 100
= 26.09%
Therefore, the best choice is D, with the markup percentage of 26.09%.