The typical markup (percent) is the:
A. cost of an item divided by its selling price—times 100.
B. selling price minus the cost of the item, divided by the cost of the item—times 100.
C. selling price of an item, divided by its cost—times 100.
D. selling price minus the cost of the item, divided by the selling price—times 100.
E. selling price minus the cost of the item, divided by the average fixed cost—times 100.
Answer: D. selling price minus the cost of the item, divided by the selling price—times 100.