Convert a 30% markup percent on cost to markup percent on selling price. (round to the nearest hundredth percent.)

a. 25.08%
b. 13.80%
c. 23.08%
d. 13.08%

Option C

23.08% markup on selling price.

Step-by-step explanation:

Given in the question,

markup percentage on cost price = 30%

To find,

markup percentage on selling price

Markup is the ratio between the cost of a good or service and its selling price.

Let suppose that cost price percentage = 100%

As we know that,

So percent markup selling price = 30 / 130 x 100

                                                        = 23.0769

Hence, 30% markup on cost price = 23.0769% markup on selling price.