Zoey Is Setting a Price for Her Store's Newest Item

Multiple Choice

Zoey is setting a price for her store's newest item. She purchased the item for $45 and decides to sell it for $54 using markup pricing. If she wanted to calculate the markup as percentage of cost, it would be ______________. If she wanted to calculate the markup as the percentage of the selling price, it would be ______________.

A) 16.7%; 20%
B) 33%; 25%
C) 20.5%; 15.6%
D) 20%; 16.7%
E) 15%; 10.5%