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) 48.15 percent
B) 60.19 percent
C) 92.86 percent
D) 148.15 percent
E) 192.86 percent
Correct Answer:
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