A bookstore is considering stocking a limited edition of Alice in Wonderland dolls at a cost of $125 each. The manager calculated the retail price with an initial markup percentage of 48 percent and plans

A bookstore is considering stocking a limited edition of Alice in Wonderland dolls at a cost of $125 each.

The manager calculated the retail price with an initial markup percentage of 48 percent and plans to ticket
the product with a ".00" ending. What would the initial retail price be on the doll?
A. $180
B. $190
C. $240
D. $280
E. $63

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