Solve the Problem

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary.
-A local dealer sells baseballs for $25.00 each. If this is a 12.9% markup on selling price, find the equivalent markup percent on cost.

A) 85.2%
B) 12.9%
C) 11.4%
D) 14.8%