The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?
(1)The markup on the television set is 25 percent of the cost.
(2)The selling price of the television set is $250.
(1)The markup on the television set is 25 percent of the cost.
(2)The selling price of the television set is $250.