It costs \( \$ 1,075 \) to manufacture a table. If the table sells for \( \$ 1,578.25 \), what is the percent markup based on selling price? (Round to the nearest whole percent.) Select one: O a. \( 27 \% \) O b. \( 20 \% \) O c. \( 18 \% \) o d. \( 32 \% \)

To find the percent markup based on the selling price, you must first determine the amount of markup. Subtract the cost from the selling price: \[ \text{Markup} = \text{Selling Price} - \text{Cost} = 1578.25 - 1075 = 503.25 \] Next, divide the markup by the selling price and multiply by 100 to get the percentage: \[ \text{Percent Markup} = \left(\frac{\text{Markup}}{\text{Selling Price}}\right) \times 100 = \left(\frac{503.25}{1578.25}\right) \times 100 \approx 31.9\% \] Rounding to the nearest whole percent gives approximately \( 32\% \). Thus, the correct answer is \( \text{d. } 32\% \).