Answer : The markup rate based on cost is 91.79747%.
We have
Selling price per jacket = $37.88
Cost per jacket = $19.75
![Markup rate =[\frac{Selling Price - Cost}{Cost}] * 100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%5B%5Cfrac%7BSelling%20Price%20-%20Cost%7D%7BCost%7D%5D%20%2A%20100%20)
Substituting the values in the formula above we get,
![Markup rate = [\frac{37.88-19.75}{19.75}] *100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%20%5B%5Cfrac%7B37.88-19.75%7D%7B19.75%7D%5D%20%2A100%20)
![Markup rate = [\frac{18.13}{19.75}] *100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%20%5B%5Cfrac%7B18.13%7D%7B19.75%7D%5D%20%2A100%20)
%
Answer:
D) Marketing, Production/Operations, and Finance/Accounting
I think some people say it as olmen, rather than a silent L,it's silent D instead.