A Manager Is Setting the Price of a Product

Multiple Choice

A manager is setting the price of a product. He is considering either using a 12% sales margin or 15% cost mark-up method. What would the selling price be, if his cost of sales is £45?

A) £50.40 margin or £51.75 mark-up
B) £51.14 margin or £52.94 mark-up
C) £50.40 margin or 52.94 mark-up
D) £51.14 margin or £51.75 mark-up