Convert a markup of 15% on selling price to its equivalent markup on cost. a) a markup of 15% on selling price is equivalent to a 74% markup on cost b) a markup of 15% on selling price is equivalent to a 13% markup on cost c) a markup of 15% on selling price is equivalent to a 8% markup on cost d) a markup of 15% on selling price is equivalent to a 85% markup on cost

option: D is correct. (  (D) a markup of 15% on selling price is equivalent to a 85% markup on cost ).

Step-by-step explanation:

" Markup is the percentage difference between a product's cost and its selling price "

Since we are asked to Convert a markup of 15% on selling price to its equivalent markup on cost.

As there is a markup of  15% on selling price. Hence the cost of the product would be (100-15)%=85% of the selling price.

Hence, a markup of 15% on selling price is equivalent to a 85% markup on cost.

Hence, option D is true.

he can buy 4lbs. of live bait and 1lbs of natural bait

step-by-step explanation: