The answer is D. 100%
Markup is the amount added to the total cost of product to cover the total overheads and profit.
In markup based on selling price method, the selling price is considered as the endpoint that companies wanted to achieve, (100%) and the markup will be adjusted to cater into thaat equation.
Answer:

Step-by-step explanation:
Write the number in exponential form with the base of 2:

Since the bases are the same, set the exponents equals.

Cancel equal terms on both sides of the equation:

First we calculate the tax on the item:
11.4%($160) = 11.4(160)/100 = 18.24
hence the tax for the item is $18.24
The total price for the item would be:
160 + 18.24 = 178.24
hence the total price for the item including tax is:
$<span>178.24</span>