A Company's 2013 Income Statement Reported the Following for the Year

A company's 2013 income statement reported the following for the year ended December 31,2013: $\begin{array} { l } \text { Sales revenue.}&\$453\\ \text {Sales returns. }&6\\ \text {Cost of goods sold. }&270\\ \text {Expenses. }&126\\ \text {Net income. }&\$51\\ \text { }&===\\\end{array}$
Based only on the above data,the (a) average markup on cost,and (b) the average markup on selling price were: $\begin{array}{|l|r|r|} \hline & \text { (a) Mark-up on a cost } & \text { (b) Mark-up on selling price } \\\hline 1 & 13.60 \% & 7.40\% \\\hline 2 & 59.60\% & 39.70\%\\\hline3 & 60.00\%& 40.00\% \\\hline 4 & 65.56 \% & 39.60\\\hline \end{array}$

A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4